Question 1

An equilibrium in a sequential game is always a Nash equilibrium in a simultaneous game with equivalent payoffs.

Accepted Answer

A) True 
 B)False

Question 2

In a small isolated town,there are two types of people,saints and crooks.In business dealings between any two residents of this town,the payoffs are below.   What percentage of this town's residents would be saints in an evolutionary stable strategy?

Accepted Answer

A)  100% 
B)  33.33% 
C)  83.33% 
D)  28.51% 
E)  0% 
A)  100% 
B)  33.33% 
C)  83.33% 
D)  28.51% 
E)  0%

Question 3

Consider the goalie's anxiety at the penalty kick.Let the kicker's payoffs below represent the kicker's probability of success and the goalie's payoffs the probability of failure.   The goalie should defend left with probability

Accepted Answer

A)  .60. 
B)  .20. 
C)  .40. 
D)  .80. 
E)  1. 
A)  .60. 
B)  .20. 
C)  .40. 
D)  .80. 
E)  1.

Question 4

Consider the goa lie's anxiety at the penalty kick.Let the kicker's payoffs below represent the kicker's probability of success and the goalie's payoffs the probability of failure.   The goalie should defend left with probability

Accepted Answer

A)  .38. 
B)  .63. 
C)  .13. 
D)  .88. 
E)  1. 
A)  .38. 
B)  .63. 
C)  .13. 
D)  .88. 
E)  1.

Question 5

Alec and Kim used to be much better friends than they are now.The problem is what to do about Christmas gifts? If they wait until Christmas morning and move simultaneously,their payoff matrix is   Under the circumstances,Alec should publicly announce at Thanksgiving that he is not buying a Christmas gift for Kim.

Accepted Answer

A) True 
 B)False

Question 6

In a small isolated town,there are two types of people,saints and crooks.In business dealings between any two residents of this town,the payoffs are below.   What percentage of this town's residents would be saints in an evolutionary stable strategy?

Accepted Answer

A)  62.50% 
B)  100% 
C)  87.50% 
D)  15.30% 
E)  0% 
A)  62.50% 
B)  100% 
C)  87.50% 
D)  15.30% 
E)  0%

Question 7

Alec and Kim used to be much better friends than they are now.The problem is what to do about Christmas gifts? If they wait until Christmas morning and move simultaneously,their payoff matrix is   If Alec commits at Thanksgiving time not to buy a gift for Kim,Kim will find it in her best interest

Accepted Answer

A)  to buy a gift for Alec to spite him. 
B)  not to buy a gift for Alec. 
C)  to buy a gift for Alec with probability 2/7. 
D)  to buy a gift for Alec with probability 4/9. 
E)  to buy a gift for Alec with probability 4/6. 
A)  to buy a gift for Alec to spite him. 
B)  not to buy a gift for Alec. 
C)  to buy a gift for Alec with probability 2/7. 
D)  to buy a gift for Alec with probability 4/9. 
E)  to buy a gift for Alec with probability 4/6.

Question 8

Alec and Kim used to be much better friends than they are now.The problem is what to do about Christmas gifts? If they wait until Christmas morning and move simultaneously,their payoff matrix is   If Kim is worried that Alec is going to announce publicly what he is going to do at Thanksgiving,Kim would definitely be made better off by announcing her action publicly at Halloween.

Accepted Answer

A) True 
 B)False

Exam 30:Game Applications-Part A

An equilibrium in a sequential game is always a Nash equilibrium in a simultaneous game with equivalent payoffs.

In a small isolated town,there are two types of people,saints and crooks.In business dealings between any two residents of this town,the payoffs are below. What percentage of this town's residents would be saints in an evolutionary stable strategy?

Consider the goalie's anxiety at the penalty kick.Let the kicker's payoffs below represent the kicker's probability of success and the goalie's payoffs the probability of failure. The goalie should defend left with probability

Consider the goa lie's anxiety at the penalty kick.Let the kicker's payoffs below represent the kicker's probability of success and the goalie's payoffs the probability of failure. The goalie should defend left with probability

In a small isolated town,there are two types of people,saints and crooks.In business dealings between any two residents of this town,the payoffs are below. What percentage of this town's residents would be saints in an evolutionary stable strategy?

Alec and Kim used to be much better friends than they are now.The problem is what to do about Christmas gifts? If they wait until Christmas morning and move simultaneously,their payoff matrix is If Alec commits at Thanksgiving time not to buy a gift for Kim,Kim will find it in her best interest

Demand-Part A

Revealed Preference-Part A

Revealed Preference-Part B

Slutsky Equation-Part A

Slutsky Equation-Part B

Buying and Selling-Part A

Buying and Selling-Part B

Intertemporal Choice-Part A

Intertemporal Choice-Part B

Asset Markets-Part A

Asset Markets-Part B

Uncertainty-Part A

Uncertainty-Part B

Risky Assets-Part A

Risky Assets-Part B

Consumers Surplus-Part A

Consumers Surplus-Part B

Market Demand-Part A

Market Demand-Part B

Equilibrium-Part A

Equilibrium-Part B

Auctions-Part A

Auctions-Part B

Technology-Part A

Technology-Part B

Profit Maximization-Part A

Profit Maximization-Part B

Cost Minimization-Part A

Cost Minimization-Part B

Cost Curves-Part A

Cost Curves-Part B

Firm Supply-Part A

Firm Supply-Part B

Industry Supply-Part A

Industry Supply-Part B

Monopoly-Part A

Monopoly-Part B

Monopoly Behavior-Part A

Monopoly Behavior-Part B

Factor Markets-Part A

Factor Markets-Part B

Oligopoly-Part A

Oligopoly-Part B

Game Theory-Part A

Game Theory-Part B

Game Applications-Part B

Behavioral Economics-Part A

Exchange-Part A

Exchange-Part B

Production-Part A

Production-Part B

Welfare-Part A

Welfare-Part B

Externalities-Part A

Externalities-Part B

Information Technology-Part A

Information Technology-Part B

Public Goods-Part A

Public Goods-Part B

Asymmetric Information-Part A

Asymmetric Information-Part B

Filters