subject
Mathematics, 21.12.2019 06:31 isabua

Consider the following experiment where $100 is handed to robert and he is given the task to split the amount of money between robert and chelsea any way he wants. then chelsea has the option to accept the deal and take the money offered, or to refuse in which case both go empty-handed. in most experiments robert will propose a more or less fair deal, say 60-40 and chelsea will accept. if robert proposes a bad deal, like say 85-15 then often this deal will be rejected even though chelsea would be better off accepting it and taking any money rather than having nothing. let us construct a simple game which captures the essence of this relation. robert has two option, offer a fair split, say 60-40, or offer a unequal split, 85-15. chelsea has also two options, accepting any offer or accepting only the fair offer. write down the payoff matrix for the game and compute the nash equilbria.

ansver
Answers: 1

Other questions on the subject: Mathematics

image
Mathematics, 21.06.2019 21:40, Fangflora3
The sides of a parallelogram are 24cm and 16cm. the distance between the 24cm sides is 8 cm. find the distance between the 16cm sides
Answers: 3
image
Mathematics, 21.06.2019 22:40, btaylor1179
Awoman has 14 different shirts: 10 white shirts and 4 red shirts. if she randomly chooses 2 shirts to take with her on vacation, then what is the probability that she will choose two white shirts? show your answer in fraction and percent, round to the nearest whole percent.
Answers: 3
image
Mathematics, 22.06.2019 02:30, clarkster112679
Robert has 78 tomatoes and 56 cucumbers he wants to plant them in equal rows how many in each row
Answers: 1
image
Mathematics, 22.06.2019 03:00, ernestsbaby6181
Crickets can jump with a vertical velocity of up to 14 ft/s. which equation models the height of such a jump, in feet, after t seconds? h(t) = –16t2 + v0t + h0 h(t) = –16t2 + v0t + 14 h(t) = –16t2 + 14t h(t) = –16t2 + 14t + 14 what is the maximum height the cricket reaches? round to the nearest thousandth. h = feet
Answers: 1
You know the right answer?
Consider the following experiment where $100 is handed to robert and he is given the task to split t...

Questions in other subjects:

Konu
Mathematics, 18.10.2019 08:30