In a two play one shot simultaneous move game every player, Ask an Expert

Economics

In a two play, one shot simultaneous-move game each player can choose strategy A, each earns a payoff of $500. If both players choose strategy A, each ears a payoff of $500. If both players choose strategy B, each earns a payoff of $100. If player 1 chooses strategy A and player 2 chooses strategy b, then player 1 earns $0 and player 2 earns $650. If player 1 chooses stretegy B and player 2 chooses strategy a, then player 1 earns $650 and player 2 earns $0.

A. write the above game in normal form.
B. Find each players dominant strategy, if it exists.
C.Find the Nash equilibrium of this game
D.rank strategy pairs by aggregate payoff (highest to lowest)
e. Can the outcome with the highest aggregate payoff be sustained in equilibrium? Why or why not?

View complete question

Macroeconomics, Economics

Category:- Macroeconomics
Reference No.:- M9294706

Have any Question?Write your Review or question?

Related Questions in Macroeconomics

Question consider the following utility function and

Question: Consider the following utility function and corresponding marginal rate of substitution for consumption, C and leisure, and L: U = and MRS = The consumer's income is $100, PL = 16.67, and PC = 10. Utility funct ...

Question - this question is to get some practice drawing

Question - This question is to get some practice drawing budget constraints. You are in your first semester at college and deciding to spend your income between textbooks and food. You have $360 for the month. Textbooks ...

Question 1 true or xfalse1 opportunity cost is the cost for

Question: 1. (True) or X(False) 1. Opportunity cost is the cost for obtaining an opportunity. 2. Positive economics is an economic activity for positive results. 3. Beef and chicken are Normal Goods. 4. Peanut Butter and ...

The economics of cities and regions assignment - report -

The Economics of Cities and Regions Assignment - Report - Shift-Share Analysis and LGA Economic Futures Shift-share analysis and local council report on economic futures. Background: Shift-share analysis is a common econ ...

Question - suppose that the demand and supply schedules for

Question - Suppose that the demand and supply schedules for bonds that have a face value of $100 and a maturity date one year hence are as follows: Price ($) Quantity Demanded Quantity Supplied 100 0 600 95 100 500 90 20 ...

Question - a relatively new aspect to the marketplaces of a

Question - A relatively new aspect to the marketplaces of a number of cities worldwide is something called the sharing economy, in which people rent assets such as cars and rooms directly from each other. Also called a p ...

Economics assignment -topic evaluation of macroeconomic

Economics Assignment - Topic: Evaluation of Macroeconomic performance of Australia and New Zealand. Task Details: Complete a research-based analysis and evaluation of the relative macroeconomic performance of Australia a ...

Question - a 1000 utility bond with 14 years remaining

Question - A $1000 utility bond with 14 years remaining before maturity can now be purchased for $760. It pays interest of $20 each 6-month period. What rate of return is earned by purchasing the bond at the current mark ...

Question - a price-taking firm has the production function

Question - A price-taking firm has the production function Q = f(z 1 , z 2 ). The output price is P and the input price is w 1 and w 2 . There are two unusual things about this firm. First, rather than maximizing profit, ...

Question one of the big differences between the national

Question: One of the big differences between the National Football League and Power Five conference college football is that professional athletes receive payment for their services while collegiate athletics is strictly ...

4,153,160 Questions Asked
13,132 Experts
2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Recent Questions

Ask Macroeconomics Expert