Ask Game Theory Expert

Variant of BoS:-
Find all the ESSs, in pure and mixed strategies, of the game.

999_Figure 8.jpg

Bargaining:-

Pairs of players bargain over the division of a pie of size 10. The members of a pair simultaneously make demands; the possible demands are the nonnegative even integers up to 10. If the demands sum to 10 then each player receives her demand; if the demands sum to less than 10 then each player receives her demand plus half of the pie that remains after both demands have been satisfied;

if the demands sum to more than 10 then no player receives any payoff. Show that the game has an ESS that assigns positive probability only to the demands 2 and 8 and also has an ESS that assigns positive probability only to the demands 4 and 6. The next example reexamines the War of attrition, studied previously (pure equilibria). The game entered the literature as a model of animal conflicts. The actions of each player are the lengths of time the animal displays; the animal that displays longest wins.

Game Theory, Economics

  • Category:- Game Theory
  • Reference No.:- M92008480

Have any Question?


Related Questions in Game Theory

In this assessment task you will take the role of an expert

In this assessment task you will take the role of an expert economist, employed by a government department or regulatory authority. Decision-makers in government rely on the advice of experts, like you, when formulating ...

  • 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

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As