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Problem_Set_6 - 3 Binmore Exercises 16.12.9 and...

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/OR4350 Introduction to Game Theory Spring 2010 Problem Set #6 Due : Wednesday, April 7, 2010 at noon in the dropbox (on 2 nd floor of Rhodes Hall) Reminder : Write your Section and NetID on the first page of your homework!!! Answers must always include complete explanations/justifications. 1. Binmore, Exercises 6.9.23 and 16.12.7 2. Binmore, Exercise 16.12.4 (the discussion of the wage bargaining problem begins in Section 16.4).Prove the following claim: Let A and B be the payoff matrices of a bimatrix game.
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Unformatted text preview: 3. Binmore, Exercises 16.12.9 and 16.12.11. (You should assume for problem 11 that the breakdown point equals the disagreement point. I didn’t make this distinction in class.) For 16.12.11, incidate (separately) both the points that are weakly Pareto-efficient and strongly Pareto-efficient. 4. Binmore, Exercise 16.12.14. 5. Although no questions are based on lecture this week, be sure to start reading both Chapters 6 and 7 in the textbook....
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