Econ398_HW1Solutions - Econ 398 Homework 1 Sketch of...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 398 Homework 1 Sketch of Solutions 1. For Olaf and Phil, it is handy to number the nodes like this: Then Olaf’s strategies specify what he does at node 1 and what he does at node 5. His strategy set is {(U,T), (M,T), (D,T), (U,B), (M,B), (D,B)}. Phil’s strategies specify what he does at nodes 2, 3, then 4. His strategy set is {(L,L,L), (L,L,R), (L,R,L), (R,L,L), (L,R,R), (R,L,R), (R,R,L), (R,R,R)}. The rollback equilibria are ((U,B), (L,L,R)), ((U,B), (R,L,R)), ((M,B), (R,L,R)), and ((D,B), (R,L,R)). 2. Michigan’s strategies list Michigan’s initial play, whether Michigan switches following Ohio’s blitz to the run offense, then whether Michigan switches following Ohio’s blitz to the pass offense, in that order. Ohio’s strategies list what Ohio does after Michigan’s run offense, and then what Ohio does following Michigan’s pass offense, in that order. Michigan’s strategies: (Run offense, Stay with Run, Switch to Run), (Run offense, Stay with Run, Stay with Pass), (Run offense, Switch to Pass, Switch to Run), (Run offense, Switch to Pass, Stay with Pass),
Image of page 1

Info iconThis preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern