Find all ₁ s.t. 3 (i) a NE which is not a SPNE where player 1 plays U (ii) a SPNE where player 1 plays U 1α U 2 (π₁,2,3) A B 3 (1,0,3) X Y 1 R R (3,2,1) (2,1,20) (3,3,0) (20,1,3)
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- n people guess an integer between 1 and 100, and the winner is the player whose guess is closest to the mean of the guesses + 1 (ties broken randomly). Which of the following is an equilibrium: a) All announce 1. b) All announce 50. c) All announce 75. d) All announce 100It is not 1.6. I have tried that. It is either A, B, or D.f we observe a consumer choosing (x1, x2) when (y1, y2) is available one time, are we justified in concluding that (x1, x2) (y1, y2)?
- Help me with 11. PleaseExercise 5 In a first-price all-pay auction, the bidders simultaneously submit sealed bids. The highest bid wins the object and every bidder pays the seller the amount of his bid. Assume that there are two bidders and each bidder's value is drawn from the uniform distribution on [0, 1]. (a) Show that b;(v;) = º for i = 1, 2 is a Bayesian Nash equilibrium. (b) Calculate the expected revenue for the seller.It is question 3.4 ezjoint
- a W 3,5 3,4 8,4 0,0 3,3 8,9 y 0,1 5,9 9,8 Describe a strategy for player 1 that dominates x. O (1/3.0. 2/3) 1.0,0) O01.1) toP1 T B P2 L R 4,4 -1,5 3,-1 -2,0 P1 T B P2 L R 4,4 -1,5 5, -1 1,1 s=1 S = 2 - There are two states s = 1 and s = 2 with probability p and (1 − p) respectively, please find the Bayesian Nash Equilibria.Halsen, a marketing manager at Business X, has determined four possible strategies (X1, X2, X3, and X4) for promoting the Product X in London. She also knows that major competitor Product Y has 4 competitive actions (Y1, Y2, Y3 and Y4) it’s using to promote its product in London, too. Ms. Halsen has no previous knowledge that would allow her to determine probabilities of success of any of the four strategies. She formulates the matrix below to show the various Business X strategies and the resulting profit, depending on the competitive action used by Business Y. Determine which strategy Ms. Halsen should select using. Maximax, maximin or minimax regret? Business X Strategy Business Y Strategy Y1 Y2 Y3 Y4 X1 25 57 21 26 X2 17 29 20 34 X3 47 31 32 37 X4 35 27 30 35
- Halsen, a marketing manager at Business X, has determined four possible strategies (X1, X2, X3, and X4) for promoting the Product X in London. She also knows that major competitor Product Y has 4 competitive actions (Y1, Y2, Y3 and Y4) it’s using to promote its product in London, too. Ms. Halsen has no previous knowledge that would allow her to determine probabilities of success of any of the four strategies. She formulates the matrix below to show the various Business X strategies and the resulting profit, depending on the competitive action used by Business Y. Determine which strategy Ms. Halsen should select using, the following decision criteria. Please explain your answer for each strategy. a)Maximax; b)Maximin; c)Minimax regret Business X Strategy Business Y Strategy Y1 Y2 Y3 Y4 X1 25 57 21 26 X2 17 29 20 34 X3 47 31 32 37 X4 35 27 30 35QUESTION 10 YouTube generates revenue by showing ads to consumers who watch videos on its website. Suppose that, for each person watching a video, YouTube receives one dollar in ad revenues (P=1). Arthur is a professional video-game player. He plays the video-game "Fortnite" and uploads his video to YouTube. The number of people who will watch his video depends on Arthur's effort producing the video and increasing its quality. The number Q of viewers as a function of Arthur's effort "e" is given by the function Q= Be. Arthur's offort cost is 202. His utility equals his income minus ys effort cost. To give incentives to Arthur to create better videos and attract more viewers, YouTube decides to pay Arthur a bonus b for each person watching his video. YouTube also has an operational cost 30 Operational cost - 32 which is the cost of maintaining its internet servers and administrative staff. YouTube's profit equals the ad revenue minus the payment to Arthur and the operational cost. Find…1.4. Suppose you are against one of two alternatives but 90% of theelectorate disagrees with your position and favors that option. Is there avoting method that is anonymous, neutral, and monotone that preventsthat option from being selected as the winning alternative?