Game Problems

# Game Problems - compare with L? Extension What if tastes...

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Game Problems

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Which number is closest to the circumference of the earth? A) 15,000 miles B) 25,000 miles C) 35,000 miles D) 45,000 miles E) 55,000 miles
Hermaphroditic Fish: Ex 18.1 Two players: Fish 1 and Fish 2 Two strategies: Demand preferred role Accept either role Payoffs H if one gets to play preferred role L if one plays less preferred role S if no match

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Payoff matrix See Blackboard
When is this game a prisoners’ dilemma? For what values of H, L, and S is it a dominant strategy to demand preferred role? Further question: Suppose S is the value of playing the same game with someone else at a later date. If everybody demands to play preferred role, how does S

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Unformatted text preview: compare with L? Extension What if tastes differ so that half of the population prefers role 1 and half prefers role 2? Construct payoff matrix. When is there a dominant strategy? Altruists Prisoners Dilemma: Ex 27.1 Original game What happens with altruists? Try a=1 2 , 2 0 , 3 3 , 1 , 1 Quiet Fink Quiet Fink Road Warriors X B Y 6.9,12,15 A 6,9,12,15 20,21,22,23 20,21,22,23 Nash equilibrium Make table Road Warriors II A New Road X B Y 6.9,12,15 A 6,9,12,15 20,21,22,23 20,21,22,23 7,8,9,10 Domination 0,0 1,0 1,1 1,1 1,1 3,0 1,1 2,1 2,2 Left Center Right Top Middle Bottom...
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## This note was uploaded on 12/25/2011 for the course ECON 171 taught by Professor Charness,g during the Fall '08 term at UCSB.

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Game Problems - compare with L? Extension What if tastes...

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