Business, 03.08.2021 02:00 didirose

The Stag Hunt game is based on a story told by Jean Jacques Rousseau in his bookDiscourses on the Origin and Foundation of Inequality Among Men (1754). The story goessomething like this: "Two hunters set out to kill a stag. One has agreed to drive the stag1 through the forest, and the other to post at a place where the stag must pass. If bothfaithfully perform their assigned stag-hunting tasks, they will surely kill the stag and eachwill get an equal share of this large animal. During the course of the hunt, each hunter hasan opportunity to abandon the stag hunt and to pursue a hare. If a hunter pursues the hareinstead of the stag he is certain to catch the hare and the stag is certain to escape. Eachhunter would rather share half of a stag than have a hare to himself." The matrix belowshows payoffs in a stag hunt game. If both hunters hunt stag, each gets a payoff of 4. If bothhunt hare, each gets 3. If one hunts stag and the other hunts hare, the stag hunter gets 0and the hare hunter gets 3. Hunter B
Hunt Stag Hunt Hare
Hunter A Hunt Stag 4,4 0,3
Hunt Har 3,0 3,3
(a) If you are sure that the other hunter will hunt stag, what is the best thing for you to do?
(b) If you are sure that the other hunter will hunt hare, what is the best thing for you to do?
(c) Does either hunter have a dominant strategy in this game? If so, what is it? If not explain why not.
(d) This game has two pure strategy Nash equilibria. What are they?
(e) is one Nash equilibrium better for both hunters than the other? If so, which is the better equilib- rium?
(f) If a hunter believes that with probability 1/2 the other hunter will hunt stag and with probability 1/2 he will hunt hare, what should this hunter do to maximize his expected payoff?

Answers: 2

Show answers

Another question on Business

Business, 22.06.2019 20:40

Financial performance is measured in many ways. requirements 1. explain the difference between lag and lead indicators. 2. the following is a list of financial measures. indicate whether each is a lag or lead indicator: a. income statement shows net income of $100,000 b. listing of next week's orders of $50,000 c. trend showing that average hits on the redesigned website are increasing at 5% per week d. price sheet from vendor reflecting that cost per pound of sugar for the next month is $2 e. contract signed last month with large retail store that guarantees a minimum shelf space for grandpa's overloaded chocolate cookies for the next year

Answers: 2

Answer

Business, 22.06.2019 20:40

Review the wbs and gantt chart you created previously. propose three to five additional activities that would you estimate resources and durations. now, identify at least eight milestones for the recreation and wellness intranet project. remember that milestones normally have no duration, so you must have tasks that will lead to completing the milestone. add your activities and milestones to your gantt chart, creating a new gantt chart. estimate the task durations and enter dependencies as appropriate. remember that your schedule goal for the project is six months. copy the gantt chart and network diagram to a word document.

Answers: 2

Answer

Business, 22.06.2019 20:40

Robert owns a life insurance policy that he purchased when he first graduated college. it has a $100,000 death benefit and robert pays premiums for it every month out of his checking account. the insurance robert has is most likely da. permanent life insurance o b. term life insurance o c. group life insurance o d. individual life insurance

Answers: 1

Answer

Business, 22.06.2019 20:50

1. which one of the following would be an example of a supply-side market failure? a. a gas station is slowly leaking diesel fuel from its underground tanks, and after the leak is discovered, the business immediately cleans up the pollution at its own expense. b. a gas station is slowly leaking diesel fuel from its underground tanks, but the state uses taxpayer money to clean up the pollution rather than requiring the business to pay. c. your business wants to attract repeat customers by putting on a customer-appreciation picnic at a public park, but you decide not to because you couldn't prevent noncustomers from consuming the food and entertainment you provided. d. everyone rushes to the local retail outlet at midnight on the day of the release of a new video game console, and the store runs out before everyone is able to buy one.

Answers: 1

Answer

You know the right answer?

The Stag Hunt game is based on a story told by Jean Jacques Rousseau in his bookDiscourses on the Or...

Questions