--%>
Assignment Help - homework help

Example of positive sum games

Happy marriages are illustrations of: (i) mutual independence. (ii) specialization according to comparative advantage. (iii) positive sum games. (iv) the prisoners’ dilemma. (v) first mover advantages.

I need a good answer on the topic of Economics problems. Please give me your suggestion for the same by using above options.

   Related Questions in Game Theory

  • Q : Result of prisoners’ dilemma game When

    When Car Jacker knows about that Cat Burglar has connections inside the prison and will have him killed when he implicates Cat Burglar, the probable result of this prisoners’ dilemma game is that: (i) neither prisoner squeals and they each serve

    		•
  • Q : Grim Strategy When Tia would respond by

    When Tia would respond by never again cooperating within a long sequence of repeated transaction when Carmen ever failed to cooperate, in that case Tia would be following: (1) Nash equilibrium. (2) tit-for-tat. (3) domino strategy. (4) grim strategy. (5) cut-throat co

    		•
  • Q : Asymmetric Information If two firms

    If two firms considering a possible merger have unequal levels of knowledge regarding issues in their negotiations: (w) potential abuses of asymmetric information exist. (x) the payoff matrix is invariably asymmetric. (y) the more knowledgeable negotiator will gain by

    		•
  • Q : Strategy game theory of Tit for Tat

    Garbanzo lowers the price for its salad buffet. Pinto’s, a close by rival restaurant, in that case lowers its price for its salad buffet, a near substitute. If Garbanzo notices it, then the manager lowers the price again. It trend continues. Such restaurants are

    		•
  • Q : Problem about Asymmetric Information A

    A large firm knows own costs and the costs of its rival. However a smaller rival firm knows its own costs although is unaware of costs of larger firm. The larger firm is likely to gain due to: (1) industrial concentration. (2) a dominant strategy. (3) predatory practi

    		•
  • Q : Grim Strategy in Nash Equilibrium A

    A strategy combination where every player is playing a best response to other players' current strategies, and therefore has no incentive to change strategies in a repeating game is termed as: (1) zero-sum equilibrium. (2) the first mover advantage. (3) tit-for-tat. (

    		•
  • Q : Game theory according to second mover

    Mr. Smith needs someone to mow his lawn and is interviewing a potential lawnmower, Sam. Throughout the interview, there Mr. Smith refuses to tell Sam what wage he is willing to pay Sam till Sam tells him how much he is willing to work for. Mr. Smith is playing a game

    		•
  • Q : Gain by implementing a first decision A

    A firm which can gain by implementing a first decision before any other firms act has a: (w) predatory pricing strategy. (x) controlling market share. (y) first mover advantage. (z) dominance strategy. Hey friends please give your

    		•
  • Q : Determine Nash equilibria In this

    In this payoff matrix regarding alternatives as in illustrated figure for an afternoon’s entertainment: (1) the Machiavelli strategy is probable to be most successful. (2) there are two Nash equilibria. (3) the husband will notice the film and the wife will play

    		•
  • Q : Outcome for an infinitely repeated game

    One probable outcome for an infinitely repeated game is termed as the: (w) Middle East strategy. (x) tit-for-tat strategy. (y) echo strategy. (z) prisoners' dilemma strategy. How can I solve my Economics