The Good Samaritan Game Unfortunately a man had an accident and somebody has to help him. The per- son(s) observing the accident are relatively nice people, so their payoff is 1, if somebody helps the victim, otherwise they get 0. However, helping requires a certain effort, so the person doing the actual helping has a further cost c, which has to be substracted from his or her payoff. (0 < c < 1) (a) What happens if there is one observer? (b) What happens if there are 2 observers and they make their decisions simul- taneously? (Hint: think mixed strategies.) (c) What happens if there are 3 observers and they make their decisions simul- taneously? (Hint: use similar reasoning and conditions we used for 2 players.) (d) What happens if there are n observers and they make their decisions simul- taneously? Is it better if one has an accident with few or many observers?

The Good Samaritan Game Unfortunately a man had an accident and somebody has to help him. The per- son(s) observing the accident are relatively nice people, so their payoff is 1, if somebody helps the victim, otherwise they get 0. However, helping requires a certain effort, so the person doing the actual helping has a further cost c, which has to be substracted from his or her payoff. (0 < c < 1) (a) What happens if there is one observer? (b) What happens if there are 2 observers and they make their decisions simul- taneously? (Hint: think mixed strategies.) (c) What happens if there are 3 observers and they make their decisions simul- taneously? (Hint: use similar reasoning and conditions we used for 2 players.) (d) What happens if there are n observers and they make their decisions simul- taneously? Is it better if one has an accident with few or many observers?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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