ECON207 PS1 Solutions PDF

Title	ECON207 PS1 Solutions
Course	Game Theory and Economic Applications
Institution	University of Chicago
Pages	4
File Size	552.7 KB
File Type	PDF
Total Downloads	107
Total Views	150

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Summary

Problem set solutions...

Description

Game Theory and Economic Applications ECON 20700/1 (WINTER 2017) Solution for Problem Set 1 ! ! House!of!Cards! – This situation can be represented by the game: Compromise Don’t ∗ Compromise

2,2

1,3

Don’t 3,1 0,0 – In general, any payof f numbers such that e > a > c > g and d > b > f > h work. Compromise Don’t ∗ Compromise

a, b

c, d

Don’t e, f g, h – There are two pure strategy Nash equilibria: (C, D) and (D, C).

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