ECON 3600 Assignment 6 Due Thursday, March 15th 1. "Not Survivor". (From Yale Open Course) Six former ECON 3600 students Ann, Bob, Carl, Dora, Ed, and Fran are the contestants in a new reality TV show. They are placed on an island. The rules of the game a
ECON 3600 Assignment 6 Due Thursday, March 15th 1. "Not Survivor". (From Yale Open Course) Six former ECON 3600 students Ann, Bob, Carl, Dora, Ed, and Fran are the contestants in a new reality TV show. They are placed on an island. The rules of the game a
ECON 3600 Assignment 5 Due Thursday, March 8th. Dynamic Games 1. Solve the following three-player game using backwards induction: Players are A, B, and C. Payoffs are written as (A's payoff, B's payoff, C's payoff)
(1, 2, 2) A (2, 1, 0)
B C
(0, 100, 100)
ECON 3600 Problem Set 3 1. Draw a 3x3 strategic form game with no pure strategy Nash Equilibrium. Explain why there is no pure strategy NE in your game. Solution: There are many possible games. A classic one is rock-paper-scissors. r r 0, 0 s p
1, -1 -1,
ECON 3600 Problem Set 1 Due Thursday, January 19. You may work in groups of up to three students. Hand in ONE assignment for the entire group. Make sure to include the name and ID number of everyone in the group. 1. Explain the difference between a strict
ECON 3600 Assignment 5 Due Thursday, March 7th. Dynamic Games (Problems 1 and 2 adapted from Bierman and Fernandez. Problem 3 from Yale Open Course.) 1. Solve the following three-player game using backwards induction: Players are A, B, and C. Payoffs are
ECON 3600 Assignment 7. Due Thursday, March 22nd 1. (Adapted from Bierman and Fernandez) The Centipede Game is a two-person dynamic game that is played as follows: There is a pot of money. Initially, the pot has $2 in it. Player 1 moves first. He can eith
ECON 3600 Problem Set 2 (from the Yale Open Course in Game Theory Problem Sets) Due Wednesday, January 19. 1. Recall the voting game we discussed in class. There are two candidates, each of whom chooses a position from the set Si = cfw_1, 2, 3,., 10. The
ECON 3600 Assignment 4 Solutions 1. Exercise 68.1 in Osborne's An Introduction to Game Theory. If at least two of the prices are equal to c and everyone else's price is c, then everyone's profit is zero. If any individual firm switches to a price below c,
ECON 3600 Problem Set 2 (from the Yale Open Course in Game Theory Problem Sets) You may work in groups of up to three students. Hand in ONE assignment for the entire group. Make sure to include the name and ID number of everyone in the group. Due Thursday
Lecture 1: Introduction to the Economics of Strategic
Behavior
Norovsambuu Tumennasan
Dalhousie University
1/1
No man is an island.
Study of rational behavior in interactive or interdependent situations
Bad news: by studying the economics of strategic beh
Lecture 8: Sequential Games
Norovsambuu Tumennasan
Dalhousie University
1 / 14
Review:
I Game theory is a description of strategic interaction
between mutually aware players
I Simultaneous Game
I Dominant and Dominated Strategies
I Nash Equilibrium in Gam
Lecture 3: Simultaneous Games
Norovsambuu Tumennasan
Dalhousie University
1 / 37
Dening the Game
Review:
I Game theory is a description of strategic interaction
between mutually aware players
I Dimensions of Analysis of Games
I Terminologies
Outline:
I Do
Lecture 4: Simultaneous Games, part 2
Norovsambuu Tumennasan
Dalhousie University
1 / 40
Review:
Game theory is a description of strategic interaction
between mutually aware players
Simultaneous Game
Dominant and Dominated Strategies
Nash Equilibrium
Outl
Lecture 5: Nash Equilibria and Mixed Nash Equilibria
Norovsambuu Tumennasan
Dalhousie University
1 / 27
Review:
Game theory is a description of strategic interaction
between mutually aware players
Simultaneous Game
Dominant and Dominated Strategies
Nash E
Lecture 6: Mixed Equilibria in Simultaneous Games
Norovsambuu Tumennasan
Dalhousie University
1 / 41
Review:
I Game theory is a description of strategic interaction
between mutually aware players
I Sequential Games
I Simultaneous Games
I Mixed Strategies
Lecture 7: Mixed Equilibria contd
Norovsambuu Tumennasan
Dalhousie University
1 / 55
Review:
I Game theory is a description of strategic interaction
between mutually aware players
I Sequential Games
I Simultaneous Games
I Mixed Strategies
Outline:
I Mixed
Suggested Solutions to Problem Set 1
PROBLEMS TO BE HANDED IN
CHAPTER 2
U2.
(a)
(i) Simultaneous, because each day the two sales representatives privately decide how
hard to work that day. We could also model the game as each sales representative deciding
Problem Set 1
Due date: Febraury 1
The problems to be handed in:
The Dixit, Skeath and Reiley book: Chapter 2 Problem U2; Chapter 4 U6, U8, U10;
Chapter 5 Problems U1, U2
The problems not to be handed in:
The Dixit, Skeath and Reiley book: Chapter 2 Probl
ECON 3600, Problem Set 3 You may work in groups of up to three students. Hand in ONE assignment for the entire group. Make sure to include the name and ID number of everyone in the group. Due Thursday, February 2. 1. Draw a 3x3 strategic form game with no
ECON 3600, Problem Set 4 You may work in groups of up to three students. Hand in ONE assignment for the entire group. Make sure to include the name and ID number of everyone in the group. Due Thursday, February 9. 1. Exercise 68.1 in Osborne's An Introduc
ECON 3600 Assignment 7. Due Thursday, March 22nd 1. (Adapted from Bierman and Fernandez) The Centipede Game is a two-person dynamic game that is played as follows: There is a pot of money. Initially, the pot has $2 in it. Player 1 moves first. He can eith
ECON 3600 Assignment 8. Due Thursday, March 29th. 1. War of Attrition. (From Yale Open Course) In the two-stage war of attrition we studied in class, we focused on the case where v > c. For the converse case, c > v, find all the sub-game perfect equilibri
ECON 3600 Problem Set 1 Solutions Due Thursday, January 19. 1. Explain the difference between a strictly dominated strategy and a weakly dominated strategy. Give an example of a two-player game matrix where one player has 3 strategies, one of which is str
Lecture 2: Strategic Games
Norovsambuu Tumennasan
Dalhousie University
1 / 23
Dening the Game
Review:
Game theory is a description of strategic interaction
between mutually aware players
You are self-interested and selsh
So is everyone else
Outline:
Dimen