S2010_final

S2010_final - Econ 171 Spring 2010 Final Exam June 8 You...

Info iconThis preview shows pages 1–3. Sign up to view the full content.

View Full Document Right Arrow Icon

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

View Full DocumentRight Arrow Icon
This is the end of the preview. Sign up to access the rest of the document.

Unformatted text preview: Econ 171 Spring 2010 Final Exam June 8 You have three hours to take this exam. Please answer all 5 questions, for a maximum of 100 points. Point totals and subtotals are indicated in brackets. To obtain credit, you must provide arguments or work to support your answer. 1. [10] Find all Nash equilibria of the following game. X Y Z A 2 ,- 1 4 , 2 2 , B 3 , 3 , 1 , 1 C 1 , 2 2 , 8 5 , 1 1 2. [20] Consider the extensive-form game represented below. C A 5 , 2 B 1 Y 6 , 2 X 2 , 6 Y 2 , 6 X 6 , 2 2 (a) [5] Which solution concept is the appropriate one to apply to this game? Find the set of equilibria using that concept. (b) [5] Suppose that we delete the information set between player 2s two decision nodes. (Plugging the values ( a,b,c ) = (5 , 6 , 2) into the figure below shows the extensive form of this game.) In other words, suppose that 2 can actually observe whether 1 chose B or C . What solution concept should we apply now? Find the unique equilibrium under that concept....
View Full Document

Page1 / 5

S2010_final - Econ 171 Spring 2010 Final Exam June 8 You...

This preview shows document pages 1 - 3. Sign up to view the full document.

View Full Document Right Arrow Icon
Ask a homework question - tutors are online