ECON 414 problem set 1 spring 2010

ECON 414 problem set 1 spring 2010 - B Left Right A Top 1 4...

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Problem Set 1 ECON 414 Spring, 2010 Problem Set 1 is due in class on Tuesday, February 16. 1. Answer Problem 5 on page 80 in Harrington. 2. Answer Problem 6 on page 80 in Harrington. 3. Answer Problem 10 on page 83 in Harrington. 4. Answer Problem 11 on page 83 in Harrington. 5. Find the Nash equilibrium in each of the zero sum games shown below. Verify your answers using the minimax method. (a)
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Unformatted text preview: B Left Right A Top 1 4 Bottom 2 3 (b) B Left Middle Right A Top 5 3 2 Center 6 4 3 Bottom 1 6 6. Does the game below have a dominant strategy equilibrium? Does it have a Nash equilibrium? Is it dominance solvable? B Left Middle Right A Top 4, 3 2, 7 0, 4 Bottom 5, 5 5, -1-4, -2 7. Answer Problem 6 on page 114 in Harrington. 8. Answer Problem 7 on page 114 in Harrington....
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This note was uploaded on 03/09/2010 for the course ECON 414 taught by Professor Guy during the Spring '10 term at UMBC.

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