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Unformatted text preview: votes sincerely. Example: Say R votes W, D votes O, and T votes P. Then the payoffs are (0.1, 2.1, 0.1) because Obama wins and each party votes sincerely. Say the votes are (W,O,W) then the payoffs are (2.1, 1.1, 1) because Whitman wins and only the Tea Party votes insincerely. 2) Harrington Chapter 4, #5 3) Harrington Chapter 5, #8 4) Harrington Chapter 5, #9 5) WITH YOUR PROJECT GROUP: Using one of your own games, which is the most interesting, develop a SFG that leads to an interesting outcome. You might want to reconsider your payoffs in the SFG to actually come up with an interesting dilemma based on the NE. Use the algorithm that first does IDSDS, then find all NE, then choose among those NE with a) criteria of IDWDS and b) the criteria of pareto efficiency....
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This note was uploaded on 03/03/2011 for the course ECON 414 taught by Professor Staff during the Spring '08 term at Maryland.
- Spring '08