This preview shows pages 1–2. Sign up to view the full content.
This preview has intentionally blurred sections. Sign up to view the full version.
View Full Document
Unformatted text preview: player 3 the matrix player. Fill in the poll ratings for each player in the matrices below: (b) The payoff for each person is given by the probability of being elected, not by the rating. Suppose that the probability of being elected is 1 if a candidates pollrating is the highest, 1/2 if there are two candidates tied for first place, and 1/3 if all three are tied. Based on the pollratings you calculated above, fill in the payoffs for each player in the matrices on the next page. p n 1 n 3 p n 2 n 3 p n 1 n 3 p n 2 n 3 p n 1 n 3 p n 2 n 3 1 2 1 1 2 2 3 p n 1 n 2 (c) Find all the Nash equilibria of this game. p n 1 n 3 p n 2 n 3 p n 1 n 3 p n 2 n 3 p n 1 n 3 p n 2 n 3 1 2 1 1 2 2 3 p n 1 n 2...
View Full
Document
 Summer '07
 Dr.ShomuBanerjee
 Microeconomics

Click to edit the document details