Midterm Fall05 Solutions

Midterm Fall05 Solutions - aannannnma nuanaannmu IIIIIIII-...

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Unformatted text preview: aannannnma nuanaannmu IIIIIIII- 1. Yourname ................................................................................... .. /W+'ZWI 2. Extensive form diagram: y / Economics 109 Midterm Examination Answer Sheet, Fall 2005, Prof. Watson 1 / ‘7 1 ’ 0,0,! I A- N \ <1! \ \N >110 SI \\ I C)IOI’ k 1 L IN “'10 l / N ><IIIIU 3 N 0,0,I 3. Normal form matrix: b éminau by, P I~P an c} Mum peg”). y a any «use; R: WW} R= Z“{C}’<{Yt%l 5. Circle one: NO Explanation: Fm {y‘fitfjnisfztg‘f 1"» LA WE? (Lt/MW] M W Sfé “ll/uh fife EKrC/A’ZL S; ee-Ezgum M 576’; e—EKZx-Q/ulg/ W JAM/ti; elsfsf‘tcr} ami/Awfl‘fe AZS‘I‘l/cf‘k. m is W 6W #1 W151 Wk, am 52‘, M; M.{ M {355, 42h», Mod/vac Na»! 15” M4 Mm”, 6. (a) Nash equilibria: szx (,C, Y )1 M (C13) (b) Efficient Nash equilibria: CC I E") (c) 3121012) = (b, a} 7. (Adz): (34‘271“%)21—4’3/ “1(q1’q2)= (Z4 ’ Zg'l—Zzb>37~4g‘ A?“ = 24~4g_l—Z;Z~4 Eo BR1(q2)= 53%;; t Z: :7 4'3_I=ZO—Zgz ,. UD1= [0/5] I sat 3‘ = 5—2 z 5 Z‘ 8. jmdt#Wm Wei/19%: % W M W YWifl /M.;(/ q OfyPtzoiz [5mm d“ chooses XJ #— Z- PrvLLno an em W x] = bow—i . wt m1 Lzz-rx“ =7 é:=x““ __L\ <>7 o< = Ci)“ ~_\__ H73)“ 9. (a) Description of rationalizable strategies: A’H 0+ #4 ar‘c Via-MM . I223. Ii; 7c Sela/‘93 6—, S/Ac 24/13 i. 3?? 5/44 P? s/‘Lc yfi Zia/lit:— G. % a u w " MM 3.x - ( a ~ ~ a}, F_ Is there a symmetric Nash equilibrium? Circle one: @S/ NO If so, description: .. , - - WWMWNaY‘L%./mmx WM (b) Description of rationalizable strategies: “ 7/— ?fififlj‘ ’ il'PW Fly/{Ad'— ZM—ZK. NW W risi. Tat—1L (5 ram! {77' 5f must fit 015 (#4 [MW i7 dwosc F aim VZGHCL +091 M3 x “at ZW—Zx<t MN #54 m 6—dowikut1u/F.71u4(&eM {'5 x> W—I‘i_ m meanJWCk {’44 M71 FM) ma yT,‘ M4. dcmmdb?‘2L_ .. f. . ._A”F+MWVW3(WWWG'UW0%%L (c)Descr1ptlono rationalizable strategiewf ~ NW 5 W W907 m Mm dcsmgfiéigm ‘1 . - » a741,) smWaZ/AWWW, fi/r E’Ma’w ...
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Midterm Fall05 Solutions - aannannnma nuanaannmu IIIIIIII-...

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