2016 Fall EC 427/527 Homework 6
(due on Nov 28th Monday)
Jiabin Wu
1. Osborne 163.2
2. Osborne 173.3.
3. Osborne 173.2. (You only need to solve the game shown on Figure 173.1)
4. Osborne 192.1.
1
p2
p2
B1(p2)
B2(p1)
p1
p1
p2
p1
Problem 5 (20 pts)
Consider the following crime game. There are two criminals 1, 2. Each criminal can choose a crime
level from [0, 1]. 0 represents no crime and 1 represents the highest crime level. Let xi denote
criminal
2017 Spring EC 427/527 lst Midterm Exam (Version A)
04/26,?2017 2:()()A1\-I3:20A1\I JAQ 101
.linhin Wu
Problem 1 (30 pts)
a) Explain in words what Completeness and 'Irnnsitivity mean. (7 pts)
Ansiw: Comrlctuuw. meats H/mf A DM CM Maa :1 Fahd alrrmves in,
2016 Fall EC 427/ 527 First Midterm Exam Solutions
Jiabin Wu
Problem 1 (30 pts)
a) Explain in words what Continuity Axiom means. (7 pts)
AMWWI
gm ohmic. ln Fatahlie (goes not elm/e flu, atwe aft
Orlaflnj 0* +0.10 Lotti/ks. I
b) Explain in words what a bes
2017 Fall EC 427/527 Homework 4 Solutions
J iabin Wu
1. Osborne 120.2.
1 20.2 Strictly dominating mixed strategies
Denote the probability that player 1 assigns to T by p and the probability she as-
signs to M by r (so that the probability she assigns to B
2016 Fall EC 427/527 Homework 2 Solutions
Jiabin Wu
1. Osborne, Exercise 16.1
2. Osborne, Exercise 18.1
3. What is the prediction of the following games by iterated strict dominance?
1
Answer:
In the first game, A is strictly dominated for player 2. There
2016 EC 427/527 First Midterm Exam Solutions
Jiabin Wu
Problem 1 (30 pts)
a) Explain in words what Independence Axiom means. (7 pts)
Answer:
Independence Axiom means that a decision makers preference over two different lotteries would
not be affected by m