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ch13_solutions_solved edit

# ch13_solutions_solved edit - Solutions to Chapter 13...

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Solutions to Chapter 13 Exercises SOLVED EXERCISES S1. (a) The payoff table for the two types of travelers is: High Low High 100, 100 30, 70 Low 70, 30 50, 50 (b) The graph is: (c) There are three possible equilibria: a stable monomorphic equilibrium of all Low types ( h = 0), a stable monomorphic equilibrium of all High types ( h = 1), and an unstable polymorphic equilibrium where two-fifths of the population are High types ( h = 0.4). S2. Throughout the answers for this exercise, we let x represent the population proportion of the invading type. Solutions to Chapter 13 Solved Exercises 1 of 10

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(b) Let x be the population proportion of T players. Then the As’ expected years in jail are 20(1 – x ) + 11 x = 20 – 9 x , and the Ts’ expected years in jail are 35(1 – x ) + 6 x = 35 – 29 x . Then the T

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