Consider the following binary route choice game with 12 play…
Consider the following binary route choice game with 12 players. Each player simultaneously decides whether to take the main road or the side road. Let x define the number of commuters that take the main road. The payoff for taking the main road is UM=10+2(8-x) and the payoff for taking the side road is US=10+3[6-(12-x)]. In the pure strategy equilibrium there are ________ drivers in the main road.
Read DetailsConsider the following volunteer-dilemma game among 3 player…
Consider the following volunteer-dilemma game among 3 players. A benefit B=5 can be enjoyed if at least one of the 3 players decides to help. More than one person helping is redundant. The player that chooses to help incurs a cost, C=1 (note: B>C>0). If no one helps, all players’ utility is 0. In the symmetric mixed-strategy equilibrium, the probability that at least one person helps is _______ (round your answer to the nearest second decimal).
Read DetailsSuppose 17 committee members are voting for one of two candi…
Suppose 17 committee members are voting for one of two candidates (Helsinki or Geneva) to choose as the host city for the World Cup Final. If voting is conducted according to the plurality rule, there must always be a winner.
Read DetailsConsider the following binary route choice game with 12 play…
Consider the following binary route choice game with 12 players. Let x define the number of commuters that take the main road. The payoff for taking the main road is UM=10+2(8-x) and the payoff for taking the side road is US=10+3[6-(12-x)]. Suppose there is 5 drivers in the main road and 6 drivers in the side road, and you are deciding between the main road and the side road. If you choose to take the main road your imposed externality is _________.
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