Econ 4010 Lecture 37

Econ 4010 Lecture 37 - Not Enter Firm 1 Enter-100-100 500 0...

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<Lecture 37> Review: Study Questions ** Find the Nash Equilibria and Mixed Strategy Equilibrium in each game. Explain how you get the answer. - Prisoners' Dilemma. Prisoner 2 Deny Confess Prisoner 1 Deny -1 , -1 -9 , 0 Confess 0 , -9 -6 , -6 - Battle of the Sexes. Pat Opera Prize Fight Chris Opera 2 , 1 0 , 0 Prize Fight 0 , 0 1 , 2 - Matching Pennies. Player 2 Head Tail Player 1 Head -1 , 1 1 , -1 Tail 1 , -1 -1 , 1 - Example 1. Player 2 L C R Player 1 T 0 , 4 4 , 0 3 , 3 M 4 , 0 0 , 4 3 , 3 B 3 , 3 3 , 3 3.5 , 3.6 - Example 2. Sheila Head Tail Bruce Head 1 , 4 4 , 1 Tail 4 , 1 1 , 4 - Example 3. Player 2 L R Player 1 T 6 , 0 0 , 6 B 3 , 2 6 , 0 - Market Entry Firm 2 Enter

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Unformatted text preview: Not Enter Firm 1 Enter-100 , -100 500 , 0 Not Enter 0 , 500 0 , 0- Example 4. Player 2 L R Player 1 T 1 , 1 1 , 2 B 2 , 3 0 , 1- Rock, Paper and Scissors Player 2 Rock Paper Scissors Player 1 Rock 0 , 0-1 , 1 1 , -1 Paper 1 , -1 0 , 0-1 , 1 Scissor s-1 , 1 1 , -1 0 , 0 ** All of the above games are explained in the lecture notes. 1 ** Find the subgame-perfect Nash Equilibria in each game. Explain how you get the answer.- Entry Game.- Example 1.- Example 2.- Example 3. ** All of the above games are explained in the lecture notes. 2...
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Econ 4010 Lecture 37 - Not Enter Firm 1 Enter-100-100 500 0...

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