# hw8 - CBS live taped ABC live.34.26.40.60.22.18...

This preview shows page 1. Sign up to view the full content.

ECO 354K Problem Set No. 8 Due: March 24 1. Dutta: 5.2. 2. Dutta: 5.4. 3. Dutta: 5.5. 4. There are three television stations in a city, each affiliated with one of the three major networks: ABC, CBS and NBC. All three stations have the option of running the evening news program at 6:30pm ("live") or at 7:00pm ("tape-delayed"). Each station wants to maximize its share of the viewing audience, which is given by the following tables (ABC, CBS, NBC). If NBC goes live : CBS: live taped ABC: live (.42, .34, .24) (.37, .40, .23) taped (.40, .34, .26) (.34, .26, .40) If NBC goes tape-delayed
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: : CBS: live taped ABC: live (.34, .26, .40) (.60, .22, .18) taped (.24, .60, .16) (.42, .34, .24) Find all the (mixed-strategy) Nash equilibria. HINT: First eliminate strictly dominated strategies. 5. Find all the Nash equilibria of the following game. A B C D . L | 1,1 | 4,0 | 1,3 | 0,4 | M | 3,6 | 1,3 | 3,4 | 6,1 | R | 0,3 | 2,2 | 5,4 | 2,0 | HINT: First eliminate strictly dominated strategies. 6. Find all the Nash equilibria of the following game: L R . T |-1, 3 | 6, 2 | M | 5, 0 | -2, 5 | B | 0, 9 | 0, 9 | HINT: Is B a best response for any belief player 1 could have?...
View Full Document

{[ snackBarMessage ]}

Ask a homework question - tutors are online