PS5 - Problem Set 5 ECN 416 Game Theory Ying Chen, Spring...

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Problem Set 5 ECN 416 Game Theory Ying Chen, Spring 2010 Two questions due March 2, at the beginning of class 1. “Not Survivor” . Six former game theory students Ann, Bob, Carl, Dora, Ed, and Fran are the contestants in a new “real TV” show. They are placed on an island. The rules of the game are as follows. Ann goes f rst. She is given a bag that everyone knows contains six gold coins. Ann makes a proposal of how to allocate the six coins among the six contestants including herself. The contestants (including Ann) then vote ‘yes’ or ‘no’ on the proposal. If the proposal gets more than half the votes then the coins are allocated according to the proposal and everyone leaves the island. If the proposal gets half or fewer than half the votes then Ann has to leave the island empty-handed and she is out of the game. In this case, the bag of six gold coins passes to Bob. He gets to make a proposal of how to allocate the coins among the remaining contestants (i.e., including Bob but
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This note was uploaded on 04/04/2010 for the course ECN 416 taught by Professor Y.chen during the Spring '10 term at ASU.

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PS5 - Problem Set 5 ECN 416 Game Theory Ying Chen, Spring...

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