Start Discovering Solved Questions and Your Course Assignments
TextBooks Included
Active Tutors
Asked Questions
Answered Questions
in the 1000000-stage repeated game of the following base game describe an equilibrium whose payoff is within 001 of 5 6
for each of the following base games determine whether or not 2 1 is an equilibrium payoff of the corresponding
denote by einbspthe sellers revenue in a sealed-bid first-price auction and by eiinbspthe sellers revenue in a
consider a sealed-bid second-price auction with n buyers whose private values are independent and uniformly distributed
consider a sealed-bid first-price auction with three buyers where the private values of the buyers are independent and
find an example of a belief space where the set of players is n i ii and there is a state of the world at which player
at the state of the world omega player i believes that the state of the world is consistent while player ii believes
1 prove or disprove if it is common belief among the players at the state of the world omega that the state of the
a explain what a buyer in an open-bid decreasing auction knows when the current announced price is x that he did not
prove that in a symmetric sealed-bid second-price auction with independent private values the only monotonically
suppose that v 0 voline is a bounded interval show that in a symmetric sealedbid second-price auction with independent
a cournot game with inconsistent beliefs each of two manufacturers i isin i ii must determine the quantity of a product
let be a consistent belief space and let p be a consistent distributionlet omega isin y be a state of the world
1 prove or disprove every finite belief space has a consistent belief subspace2 prove or disprove if ytilde iomega is
1 prove or disprove if ytilde omega is inconsistent then there exists a player i isin n for whom ytilde iomega is
provide an example of a belief space with three players which contains a state of the world omega such that the
consider the following belief space where the set of players is n i ii the set of states of nature is s s1 s2 the set
in this exercise suppose there are four states of nature s s11 s12 s21 s22 the information that player i receives is
repeat given exercise where this time there are nine states of nature s s11 s12 s13 s21 s22 s23 s31 s32 s33 and the
repeat given exercise but this time suppose the beliefs of each player of each type areparts b-e of exercise 1037
repeat given exercise where s includes 20 states of nature the true state of nature is s13 and the beliefs of the
suppose there are two players n i ii and four states of nature s s11 s12 s21 s22 player is information is the first
ronald and jimmy are betting on the result of a coin toss ronald ascribes probability 13 to the event that the coin
consider the following belief space where the set of players is n i ii and the set of states of nature is s s1 s2a
boris believes that it is common belief among me and alex that bruce jenner won a gold medal at the montreal olympics