Strategic Thinking Problems
PROF. YAIR TAUMAN
Problem Set
Problem 1
:Consider the following two-person game
D
C
B
A
,11
5
,10
4
0,6
7,4
1
2
U
3,6
3,0
5,7
4,5
M
,8
16
,12
5
,5
10
,3
12
D
.Use successiv
Strategic Thinking Problems
PROF. YAIR TAUMAN
Problem Set
Problem 1
:Consider the following two-person game
D
C
B
A
,11
5
,10
4
0,6
7,4
1
2
U
3,6
3,0
5,7
4,5
M
,8
16
,12
5
,5
10
,3
12
D
.Use successiv
Thinking Strategically
Thinking
Prof. Yair Tauman
Dr. Maya Diamant
A Single Decision
Single
Maker
Two Examples of non
intuitive decisions
2
The Three-Door Problem
Created by Dov Samet
This is a proble
More on: Is the More the Better?
Example 1:
A firm
f
has three board members: B1, B2 & B3
One of them, B1, is the CEO
The board has to choose a policy for the firm out of the
following three policies:
Mixed Strategies
g
117
The Princess Bride
Vizzini
Man in
bl k
black
drink
Mss glass
M
drink
Vss glass
V
p
poison
in
Ms glass
10 -100
10,
100
-100,
100 10
poison in
Vs glass
-100, 10
10, -100
The Princ
Difference between everybody knows
and
d common knowledge:
k
l d A tale
l
In the secluded community of the extremely intelligent
rielants, each person carries from birth a little spot in the
back of h
Thinkingg Strategically
g
y
Prof. Roberto Burguet*
Stony Brook University
Fall 2016
Office: N-617 SBS Building
Off Hours:Tu,Thu 9:00-10:30
Office
9 00 0 30 a.m.
Email: [email protected]
*
Location games
Two service providers have to choose their
locations
The possible locations are points on a certain
straight street
Customers are uniformly distributed along the street
Each one of them
ECO 364 Fall 2012
Strategic Thinking
Prof. Yair Tauman
Office hour: Wednesday 16:00-17:00 @ SBS 6th floor N635
Course Description
The manager of the Hermon Ski resort must choose the operation strateg
Problems from Previous Exams
Yair Tauman
2013-2014
Problem #1
Consider the following two-player game:
2
L
R
U
4, 4
2, 6
D
5, 1
x, y
1
In order for this game to be a "Prisoner's Dilemma" game - 'x' and
Strategic Thinking Problems
PROF. YAIR TAUMAN
Problem Set
Problem 1
Consider the following two-person game:
1 2
U
M
D
A
4, 7
5, 4
3, 12
B
6, 0
7, 5
5, 10
C
10, 4
0, 3
12, 5
Use successive elimination
Thinking
Strategically
Prof. Yair Tauman
A Single Decision
Maker
Two Examples of
non intuitive
decisions
2
The Right Game
From Lose-Lose to Win Win
In the early 1990s, the U.S. automobile
industry was
Solution 1
Solution to Review Problems
Step 1: eliminate C (dominated by A)
Step 2: eliminate D1 (dominated by U)
Step 3: eliminate D2 (dominated by A)
Step 4: eliminate U (dominated by M)
Step 5: eli
Strategic Thinking
Prof. Yair Tauman
Course Description
The manager of the Hermon Ski resort must choose the operation strategy of the site for
the coming year: when to start the advertising campaign,
Thinking Strategically
Prof. Yair Tauman
A Single Decision
Maker
Two Examples of non
intuitive decisions
2
The Three-Door Problem
Created by Dov Samet
This is a problem presented to contestants in
the
Thinking Strategically
Thinking
Prof. Yair Tauman
A Single Decision
Single
Maker
Two Examples of non
intuitive decisions
2
The Three-Door Problem
Created by Dov Samet
This is a problem presented to co
Problems from Previous Exams
Feb 2013
Problem #1
:Consider the following two players game
R
2
L
1
6,2
4,4
U
x, y
1,5
D
:In order for this game to be a "Prisoner's Dilemma" game x and y should be
x>4,
Solution to Review Problems
Solution 1
(Step 1: eliminate C (dominated by A
(Step 2: eliminate D1 (dominated by U
(Step 3: eliminate D2 (dominated by A
(Step 4: eliminate U (dominated by M
(Step 5: el
Final Exam
December 13, 2007
Econ 351.01 Strategic Thinking
Professor Yair Tauman
Name
ID
This is a multiple-choice test. Answer all 11 problems, by circling the right answers.
No partial credits.
A.
Mid Term Exam 1
October 11,2007
Econ 351.01 Strategic Thinking
Professor Yair Tauman
Name
ID
This is a multiple-choice test. Answer all 10 problems, by circling the right answers.
No partial credits.
Mid Term Exam 2
November 1, 2007
Econ 351.01 Strategic Thinking
Professor Yair Tauman
Name
ID
This is a multiple-choice test. Answer all 11 problems, by circling the right answers.
No partial credits.
Solution to Review Problems
Solution 1
(Step 1: eliminate C (dominated by A
(Step 2: eliminate D1 (dominated by U
(Step 3: eliminate D2 (dominated by A
(Step 4: eliminate U (dominated by M
(Step 5: el
Test 1
Problem 1
A constant flow of 10,000 cars move from A to B. Their options are described by the
following graph:
4 + 2h
B
C
30 + h
8+ h
A
The arrival time is indicated in the graph where h is the
Test 2
Problem 1 Consider the following game in a tree form:
1
A
a
2
N
1
3
4
c
4
C
3, 1
2
4, 4
B
8, 4
b
-4, 8
-1, 3
The perfect equilibrium strategies are:
1. (A, (b, C)
2. (a, (b, C)
3. (A, b)
4. (a,
Thinking Strategically
Prof. Yair Tauman
I. Single Decision
Maker
Two Examples of non
intuitive decisions
2
The Three-Door Problem
Created by Dov Samet
This is a problem presented to contestants in
th
Auctions and biddingg
183
The Campeau
p
Tender offer
Robert Campeau tried to buy the Federated
S
Stores
(and
( d its crown jewel,l Bloomingdales).
Bl
d l )
He used a two tiered tender offer
This is
Test Canvas: Assignment 5 -ECO 364.01 Thinking .
My Institution
H
Courses
Tests, Surveys, and Pools
Student Services
Tests
Page 1 of 5
Community
Library
Test Canvas : Assignment 5
Roberto Burguet
24
E
Test Canvas: Assignment 4 -ECO 364.01 Thinking .
My Institution
H
Courses
Tests, Surveys, and Pools
Student Services
Tests
Page 1 of 5
Community
Roberto Burguet
24
Edit Mode is:
ON
Library
Feedback
?
Test Canvas: Assignment 3 -ECO 364.01 Thinking .
My Institution
H
Courses
Student Services
Tests, Surveys, and Pools
Tests
Page 1 of 5
Community
Roberto Burguet
33
Edit Mode is:
ON
Library
Feedback
?