1 answer

Question 4 (20 points) The National Rock-Paper-Scissors League is about to have its annual com- petition...

Question:

Question 4 (20 points) The National Rock-Paper-Scissors League is about to have its annual com- petition and the CEO of Dunde
Question 4 (20 points) The National Rock-Paper-Scissors League is about to have its annual com- petition and the CEO of Dunder Mimin Paper Company thinks that this is a great advertising opportunity. She wants to sponsor the competition by offering an extra prize of I dollars (yet to be specified) to both players whenever both end up playing paper. Now when it came to budgeting, a heated discussion starts among employees about how offering this prize will affect the game and how often they will have to pay it. By the standard rules of the League, the loser must pay $10 to the winner of the game. If there is a tie (both players chose the same hand) then no payment is made. 1. (10 points) Write the normal-form game corresponding to the standard game of Rock-Paper-Scissors per traditional League rules (before the extra prize is introduced). Show that each player playing every strategy with equal probability is a Nash equilibrium. 2. (10 points) Consider Dunder Mifflin's introduction of a prize of 0 < < 3 dollars to the game. Find a Nash equilibrium of this modified game (strategies may depend on s). In this equilibrium, what is the probability that in a given game, Dunder Mifflin will end up paying the extra prize?

Answers

Answert 1. The normal form oamu Corresponding to the standard gance of Rock - paper - Setesore per thaditionelle bag League r2. A Nash equilibrium of the modified game Here, I am using some my examples, through this you can co-relable. These are foll

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