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Unformatted text preview: general idea is that Bill should swat the real y. Al chooses the real y or the fake y, puts it on the table and conceals it with his hand. Meanwhile Bill decides whether or not he will swat the y. At a signal Al removes his hand and Bill swats or not. If Bill swats he wins one dollar if the y was real and loses one dollar if the y was fake. If Bill does not swat and the y was real, there is no payment and the game ends because the y ies o. If Bill does not swat and the y was fake, they play the game once more this time for double stakes, and this time if Bill does not swat the fake y Bill wins two dollars and the game ends. Make Al player I. (a) List the pure strategies for each player and give the payo matrix. (b) Find a solution for this game. 3. Solve the following matrix game parametrically. Give the solutions as a function of t. " 0 2 t 1 #...
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This note was uploaded on 09/23/2008 for the course ECON 146 taught by Professor Farmer during the Fall '07 term at UCLA.
- Fall '07