--%>
Assignment Help - homework help

Tit-for-tat behavior for games strategies

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. (5) second mover advantages.

Can anybody suggest me the proper explanation for given problem regarding Economics generally?

   Related Questions in Game Theory

  • Q : Exemplify Zero-Sum Game Making a bet

    Making a bet within an office pool on this year's Super Bowl is an illustration of a: (w) positive-sum game. (x) negative-sum game. (y) zero-sum game. (z) communal sacrifice. I need a good answer on the topic of Economics <

    		•
  • Q : According to game theory in Nash

    According to game theory, when there are multiple Nash equilibria for a repeated game in that case: (w) once one Nash is selected this will be maintained, and all else constant. (x) any Nash equilibrium may be chosen as the first equi

    		•
  • Q : Go to location of strategic companies

    In this payoff matrix for the location strategies of companies, when ACE fails to anticipate the response of BEST and when ACE locates first: (1) they will both go to location 1, just as they would have while BEST had located first. (2) ACE will go to location 1 and B

    		•
  • 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 : Infrastructure and decreasing cost

    Assume that government in a developing nation enables start-up some firms to manufacture at lower costs by building infrastructure (for example, power grids and transportation networks), as well as also facilitates learning-by-doing through building p

    		•
  • Q : Example of a positive-sum game An

    An illustration of a positive-sum game could be: wa) trade between two countries according to the law of comparative advantage. (x) a robbery in which $1000 changes hands and no one is hurt. (y) a robbery in which $1000 changes hands and the mugger is

    		•
  • Q : Decreasing cost industries When average

    When average production cost for Plastibristle Inc. falls like market demand increases and more firms go into the industry, Plastibristle is within:  (1) an economically efficient industry. (2) a purely competitive industry. (3) an industry exper

    		•
  • Q : Dominant strategies of Prisoners’

    The District Attorney has Car Jacker as well as Cat Burglar nailed for possession of stolen goods after a long crime spree. Now the DA separately offers them the options in this pay-off matrix. When these offers operate only once as well as both of them follow their <

    		•
  • Q : Illustrate Dominant Strategy The

    The dominant strategies in this payoff matrix are for: (w) neither Venezuela nor Indonesia to cheat, thus ensuring that each gets $8 billion profit. (x) both Venezuela and Indonesia to cheat, so receiving $5 billion profit each. (y) the greatest payof

    		•
  • Q : Game Theory and Oligopoly Economists

    Economists would be probably to apply game theory to the market structure of: (1) oligopoly. (2) perfect competition. (3) pure monopoly. (4) labor unions. (5) monopolistic competition. Please choos

    		•