--%>
Assignment Help - homework help

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 following a strategy game theorist’s call: (i) Nash equilibrium. (ii) tit-for-tat. (iii) the domino effect. (iv) grim strategy. (v) cut-throat competition.

How can I solve my Economics problem? Please suggest me the correct answer.

   Related Questions in Game Theory

  • Q : Different charging in Nash equilibrium

    Red Hat wants to increase the power of Linux to attract Windows users. Microsoft is planning Windows Minus, a weaker version to compete with Linux. Each can sell low, medium, or high powered versions of the new software, but each consequently must charge higher, mediu

    		•
  • Q : Result of dilemma of prisoner When

    When Ack-Ack knows that Bongo has connections and will have him killed when he implicates Bongo, in that case the likely result is that: (1) neither prisoner confesses. (2) Bongo pursues a grim strategy. (3) Bongo will do less prison time than Ack-Ack. (4) both prison

    		•
  • Q : Tit-for-tat behavior for games

    John and Amy have agreed to divide any fudge left over after today. Every time Amy eats a piece of fudge today and also John does, vice versa as well. Their tactics are termed as: (1) grim strategy. (2) tit-for-tat behavior. (3) copy-cat behavior. (4) echoing tactics.

    		•
  • Q : First Mover Strategy for Tit-for-Tat

    Jim shows Jena his homework as long as Jena permits him to look at her completed assignments, but when Jena stops demonstrating Jim her homework, Jim will not allowed her to see his. Jim's strategy is a: (1) a grim strategy. (2) tit-for-tat strategy. (3) first mover s

    		•
  • Q : Game theory implication with Nash

    This payoff matrix in given figure for a two person game needs players to choose that event to attend, and indicates which: (w) Ben would rather attend each event than alone with Alyssa. (x) No matter what Alyssa chooses Ben prefers attending the play to attending the

    		•
  • Q : Game theory according to oligopolists

    The game theory approach supposes that oligopolists: (w) do not maximize profit. (x) act strategically. (y) are actually monopolists in disguise. (z) maximize revenue. I need a good answer on the t

    		•
  • Q : Illustration of a Zero-Sum Game An

    An illustration of a zero-sum game is: (w) a baseball game. (bx) a mugging. (y) a cartel. (z) the prisoner's dilemma. Can anybody suggest me the proper explanation for given problem regarding Economics

  • Q : Mugging is example of which problem A

    A mugging is an illustration of a: (1) positive-sum game. (2) negative-sum game. (3) zero-sum game. (4) predatory voluntary transfer payment. (5) tit-for-tat game. Hello guys I want your advice. Please recommend so

    		•
  • Q : Problem regarding on positive-sum game

    International trade confronted by no tariffs or quotas therefore this is based upon comparative advantage is an example of a: (1) positive-sum game. (2) tit-for-tat game. (3) negative-sum game. (4) zero-sum game. (5) strategic game. Can anybody suggest me the proper expla

    		•
  • Q : Example of a second mover strategy An

    An instance of a second mover strategy would be a: (1) baseball manager waiting till the other team's manager inserts a pinch hitter before selecting a relief pitcher. (2) firm's decision to lay-off workers. (3) union going on strike while a labor con

    		•