{[ promptMessage ]}

Bookmark it

{[ promptMessage ]}

PS1_001 - Econ 171 Spring 2010 Problem Set 1 Due April 13...

Info icon This preview shows pages 1–2. Sign up to view the full content.

View Full Document Right Arrow Icon
Econ 171 Spring 2010 Problem Set 1 Due April 13 Important: hand in only the two-star problems. (Read the syllabus for the meaning of “one- star”, “two-star”, etc.) The notation a.b denotes problem number b from Chapter a in Watson. * Problem 1 (a) Create a large number of 2 × 2, 2 × 3 and 3 × 2 normal-form games (or use any of the ones provided in the first 133 pages of Watson) and determine what actions are rationalizable, and list all Nash Equilibria. Once we’ve learned about them, to focus on mixed strategy Nash equilibria, try the games that appear in Chapter 11. This may not start out as a one-star problem, but you should keep doing it until it becomes a one-star problem. (b) Really do part ( a ). (c) Now try to do the same with a few larger games, e.g. 3 × 3, 3 × 4, etc. These often take a while to solve and will never be true one-star problems, but try to get comfortable with the process. * Problem 2 To follow up on Problem 1 , here is a list of the exercises from Watson that I consider to be one-star problems: 3.2, 3.5, 3.6, 4.1, 4.2, 4.3, 4.4, 4.5, 6.1, 6.2, 6.3, 6.4, 6.5, 6.7, 6.8, 7.1, 9.1a,b, 9.2, 9.3
Image of page 1

Info icon This preview has intentionally blurred sections. Sign up to view the full version.

View Full Document Right Arrow Icon
Image of page 2
This is the end of the preview. Sign up to access the rest of the document.

{[ snackBarMessage ]}

What students are saying

  • Left Quote Icon

    As a current student on this bumpy collegiate pathway, I stumbled upon Course Hero, where I can find study resources for nearly all my courses, get online help from tutors 24/7, and even share my old projects, papers, and lecture notes with other students.

    Student Picture

    Kiran Temple University Fox School of Business ‘17, Course Hero Intern

  • Left Quote Icon

    I cannot even describe how much Course Hero helped me this summer. It’s truly become something I can always rely on and help me. In the end, I was not only able to survive summer classes, but I was able to thrive thanks to Course Hero.

    Student Picture

    Dana University of Pennsylvania ‘17, Course Hero Intern

  • Left Quote Icon

    The ability to access any university’s resources through Course Hero proved invaluable in my case. I was behind on Tulane coursework and actually used UCLA’s materials to help me move forward and get everything together on time.

    Student Picture

    Jill Tulane University ‘16, Course Hero Intern