Prisoner's Dilemma:
This game is a symmetric. Although the pair would be best off by both Denying guilt, Confess is a dominant strategy for each. Consequently the dominant strategy equilibrium is the upper-left element of the game matrix. Yet if the two were innocent!
Cheating on the Cartel:
Suppose Coke and Pepsi consider to charge a high price for soda. If the game matrix were with payoffs in millions of dollars of profit per week, each firm has a dominant strategy of cheating on the cartel by charging the low price. The dominant strategy equilibrium is the lower-right element: the cartel falls apart despite the joint advantage of charging the high price.
With larger strategy spaces a few strategies can be dominated without leaving a dominant strategy. In such cases we eradicate dominated strategies iteratively. That is, some strategies that did not appear to be dominated do appear to be dominated once other dominated strategies are eliminated. That is true in the following example:
First, Jill does not have a dominant strategy. Her best reply depends on whether Jack plays (Left or Middle) or Right. Second however would jack ever play Right? No, Middle dominates Right (no matter what Jill does). So Right is a dominated strategy, and is irrelevant. Therefore, we have:
Third, having eliminated Jack playing Right, we now see that Jill playing Down can be eliminated: for Jill, the payoff to Up exceeds the payoff to Down no matter what Jack does.
Since Jill’s dominant strategy is Up, the dominant strategy equilibrium to this game is the upper-center element of the original game matrix.
To pull things together, our method for finding a solution to a one-shot game is first to eliminate dominated strategies and second to associate the solution with any dominant strategy that remains, if one exists.
Latest technology based Microeconomics Online Tutoring Assistance
Tutors, at the www.tutorsglobe.com, take pledge to provide full satisfaction and assurance in Microeconomics help via online tutoring. Students are getting 100% satisfaction by online tutors across the globe. Here you can get homework help for Microeconomics, project ideas and tutorials. We provide email based Microeconomics help. You can join us to ask queries 24x7 with live, experienced and qualified online tutors specialized in Microeconomics. Through Online Tutoring, you would be able to complete your homework or assignments at your home. Tutors at the TutorsGlobe are committed to provide the best quality online tutoring assistance for Microeconomics Homework help and assignment help services. They use their experience, as they have solved thousands of the Microeconomics assignments, which may help you to solve your complex issues of Microeconomics. TutorsGlobe assure for the best quality compliance to your homework. Compromise with quality is not in our dictionary. If we feel that we are not able to provide the homework help as per the deadline or given instruction by the student, we refund the money of the student without any delay.
Waves at the boundary of two media tutorial all along with the key concepts of concept of wavefront and Huygens' construction, Shock waves, Source and Observer both in Motion, Source Stationary and Observer in Motion, Doppler Effect, Reflection and transmission energy coefficients
Human helminths infections tutorial all along with the key concepts of Nematode Infections, Enterobius vermicularis, Ascaris lumbricoides, Trichuris trichiuria, Lymphatic filariasis, Onchocerca volvulus, Digenean Trematode Infections and Cestode Infections
Reflection of Light tutorial all along with the key concepts of Concept of Light, Rectilinear Propagation of Light, Shadows, Eclipses, Pinhole Camera and Reflection of Light at Plane Surfaces
free energy functions tutorial all along with the key concepts of spontaneous and non-spontaneous processes, helmholtz free energy and gibbs free energy, physical importance of a and g, changes in a and g
Various Aspects of Stores Control are Stores Layout, Classification and Codification of Materials, Stores Records, Inventory Control: One of the significant aspects of the general material management is the inventory control. It is essential to prevent the overstocking and under stocking
tutorsglobe.com steps for computing npv assignment help-homework help by online net present value tutors
nature of bonds in solids tutorial all along with the key concepts of concept of an atom, crystal planes and miller indices, categories of solids, types of bonding in solids, ionic bonding, covalent bond and metallic bond
tutorsglobe.com galactosemia assignment help-homework help by online inborn errors of metabolism tutors
tutorsglobe.com promoting development in private sector assignment help-homework help by online objectives of fiscal policy tutors
Basic structure of an atom and atomic models tutorial all along with the key concepts of Atomic Structure, Charge Quantization, Mass Spectra, Isotopes, Atomic models, Bohr's model of an atom, Hydrogen Spectra
a memory card (occasionally known as a flash memory card or a storage card) is a small storage medium employed to store data like pictures, text, audio and video, for use on small, portable devises.
Principles of Mass Spectrometry tutorial all along with the key concepts of The Mass Spectrometer, Molecular Ion, The Mass Spectrum and EI Mass Spectrum of Bromododecane
tutorsglobe.com proteins assignment help-homework help by online cell membrane tutors
Monosaccharides tutorial all along with the key concepts of Structure of glucose, Projection and perspective formulas, Fischer's projection, Measurement of optical activity and Haworth's projection formula
Hire qualified tutor and secure notable grades with 24/7 support of Geometry Assignment Help service at budget-friendly prices.
1939106
Questions Asked
3689
Tutors
1445357
Questions Answered
Start Excelling in your courses, Ask an Expert and get answers for your homework and assignments!!