January 20 Lecture

January 20 Lecture - January 20 Lecture Econ 171 The game...

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January 20 Lecture Econ 171
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The game of matching pennies has A) two pure strategy Nash equilibria B) One pure strategy Nash equilibrium C) One mixed strategy Nash equilibrium and no pure strategy Nash equilibria D) Two mixed strategy Nash equilibria and no pure strategy Nash equilibria E) One mixed strategy Nash equilibrium and two pure strategy Nash equilibria.
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If a game has at least one pure strategy Nash equilibrium A) It must also have at least one mixed strategy Nash equilibrium that is not a pure strategy Nash equilibrium B) It will not have a mixed strategy Nash equilibrium C) It might or might not have a mixed strategy Nash equilibrium that is not a pure strategy equilibrium D) It must have a dominant strategy for each
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Field Goal or Touchdown? Field goal is worth 3 points. Touchdown is worth 7 points. Which is better? Sure field goal or probability ½ of touchdown?
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Finding the coach’s von Neumann Morgenstern utilities Set utility of touchdown u(T)=1 Set utility no score u(0)=0
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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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January 20 Lecture - January 20 Lecture Econ 171 The game...

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