Premium Essay

Solution Manual for a Course in Game Theory

In: Business and Management

Submitted By FreeRaven
Words 27123
Pages 109
Solution Manual for

A Course in Game Theory

Solution Manual for

A Course in Game Theory

by Martin J. Osborne and Ariel Rubinstein

Martin J. Osborne Ariel Rubinstein with the assistance of Wulong Gu

The MIT Press Cambridge, Massachusetts London, England

This manual was typeset by the authors, who are greatly indebted to Donald Knuth (the A creator of TEX), Leslie Lamport (the creator of L TEX), and Eberhard Mattes (the creator of emTEX) for generously putting superlative software in the public domain, and to Ed Sznyter for providing critical help with the macros we use to execute our numbering scheme.

Version 1.1, 97/4/25

Contents

Preface xi 2 Nash Equilibrium 1

Exercise 18.2 (First price auction ) 1 Exercise 18.3 (Second price auction ) 2 Exercise 18.5 (War of attrition ) 2 Exercise 19.1 (Location game ) 2 Exercise 20.2 (Necessity of conditions in Kakutani's theorem ) 4 Exercise 20.4 (Symmetric games ) 4 Exercise 24.1 (Increasing payo s in strictly competitive game ) 4 Exercise 27.2 (BoS with imperfect information ) 5 Exercise 28.1 (Exchange game ) 5 Exercise 28.2 (More information may hurt ) 6 Exercise 35.1 (Guess the average ) 7 Exercise 35.2 (Investment race ) 7 Exercise 36.1 (Guessing right ) 9 Exercise 36.2 (Air strike ) 9 Exercise 36.3 (Technical result on convex sets ) 10 Exercise 42.1 (Examples of Harsanyi's puri cation ) 10 Exercise 48.1 (Example of correlated equilibrium ) 11 Exercise 51.1 (Existence of ESS in 2 2 game ) 12 Exercise 56.3 (Example of rationalizable actions ) 13 Exercise 56.4 (Cournot duopoly ) 13

3 Mixed, Correlated, and Evolutionary Equilibrium 7

4 Rationalizability and Iterated Elimination of Dominated Actions 13

vi

Contents

Exercise 56.5 (Guess the average ) 13 Exercise 57.1 (Modi ed rationalizability in location game ) 14 Exercise 63.1 (Iterated elimination in location game ) 14

Similar Documents

Free Essay

Operations Research

...Quantitative Methods II | Abbreviation | QM-II | Course Coordinator | Prof. RAVI SHANKAR | Teaching Members | | Course Revision Record Version | Version Date | Recommendation | 1 | 05 Sept 2015 | | Credits | 3 | Contact Hours | 30 | Learning Hours | 60 | Office Hours | 30 | Contact Details | 09811033937 | Course eMail | r.s.reaches@gmail.com | Course Descriptor Course Overview(200 words) | Quantitative Methods-II, focuses on ‘Operations Research’ tools which helps in solving problems in different functional domain of business. It also helps to optimize business operations/processes. The Quantitative Method-II tools act as aids to decision makers to take best decision for effective & efficient use of resources which ultimately lead to profit maximization or to achieve multiple goals or objective. | Course must be aligned with a strategic objective of the program Prerequisites/Co-requisites | Quantitative Methods I | Learning Objectives | To learn basic optimization techniques and their managerial applications with a focus on methodologies such as Linear Programming, Transportation models, Assignment Models, Transhipment Models, Games Theory, Queuing Models, Goal Programming, Integer Programming, Non-linear Programming, Simulation and Decision Theory. | Learning objectives must be aligned with learning outcomes of the course Teaching Methods | Modeling, Case study, Software-based solutions | Refer academic policies and procedures handbook ...

Words: 1342 - Pages: 6

Premium Essay

The Constructioin

...Running head: The Construction of a Developmental Game Part II: The Construction of a Developmental Game Appropriate for Adults: A Slide Presentation With Accompanying Notes Part II: The Construction of a Developmental Game Appropriate for Adults: A Slide Presentation With Accompanying Notes Rationale for Part II Project Application As an instructor, this writer is charged with the responsibility of challenging students to strengthen critical thinking skills while developing an understanding of course material. College students taking an adult development course are expected to apply critical thinking skills when studying developmental theory and research. This requires that they examine their own assumptions and discern their hidden values. In addition, critical thinking involves their evaluation of evidence and the assessment of conclusions. An important aspect of such a scientific approach is the attitude of humility. Critical thinking requires the humble scrutiny of competing ideas. Students must understand that they may have to reject their own preconceptions (Myers, 2004). One must acknowledge the potentially biasing effects of preconceived ideas. Such ideas can evolve from a number of sources including culture and environment. In contemporary American culture, some regard the aging process view as being undesirable. For them, the term old connotes an inevitable future involving physical frailty, narrow-mindedness...

Words: 2318 - Pages: 10

Free Essay

Accounting

...Click here to download the solutions manual / test bank INSTANTLY!! http://testbanksolutionsmanual.blogspot.com/2011/02/accounting-information-systems-romney.html ------------------------------------------------------------------------------------------------------------------------ Accounting Information Systems Romney 11th Edition Solutions Manual Accounting Information Systems Romney 11th Edition Solutions Manual Accounting Information Systems Romney 11th Edition Solutions Manual Accounting Information Systems Romney Steinbart 11th Edition Solutions Manual Accounting Information Systems Romney Steinbart 11th Edition Solutions Manual ------------------------------------------------------------------------------------------------------------------------ ***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Solution Manual in e-version of the following book*** Name: Accounting Information Systems Author: Romney Steinbart Edition: 11th ISBN-10: 0136015182 Type: Solutions Manual - The file contains solutions and questions to all chapters and all questions. All the files are carefully checked and accuracy is ensured. - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs.  - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6...

Words: 18533 - Pages: 75

Premium Essay

Fingame

...CHAPTER 1 Introduction Copyright ©2008 The McGraw-Hill Companies, Inc. All rights reserved. Overview bro13556_ch01.indd 1 The primary objective of an experiential learning simulation game, such as FinGame Online 5.0 (FG), comes from learning how to plan, formulate strategies, and make sets of sound decisions sequentially through time. FG provides a decisionmaking setting similar in many respects to the financial management requirements of an actual company. The manager of an FG company has the operating control of an entire company. The manager is the chief financial officer (CFO) who also controls major decisions normally managed by the chief executive officer (CEO) and chief operating officer (COO). The FG decision environment is much more complex than the environment found in standard texts and case courses for two primary reasons. First, decisions are entered in many interrelated areas in each period of play. Tools and techniques previously examined, analyzed, and employed in only single-decision problems now must be applied in the presence of interrelationships with many other simultaneously derived decisions. Second, decisions must be entered over several periods of play. The consequences of prior decisions impact the range of decisions available in later periods. To be successful, an adopted strategy must be flexible enough to adjust to a changing environment over time. Avoiding decisions that eliminate a large set of future company options is key...

Words: 3874 - Pages: 16

Premium Essay

Da Nang Spring

...COURSE IMPLEMENTATION PLAN DA NANG (Under Decision No 663/QĐ-ĐHFPT dated 25/11/2013) Course name: BUSINESS ETHICS Course code: BUE201 Level: Implementation period: Block 1, Spring 2016 Group leader /lecturer: Dam Nguyen Anh Khoa E-mail: khoadam07@gmail.com Phone: 0905 03.05.60 1) Main objectives and goals of the course a. Understanding Business Ethics, Corporate Social Responsibility and their relationship; and examine their importance; b. Investigating different perspectives of business ethics theories; c. Understanding the roles of corporate culture and corporate leadership in business ethics; d. Understanding the concepts of ethics in the working place; e. Applying an ethical framework to business fields: Marketing, Corporate Governance, Accounting, and Finance; f. Describing business environment responsibilities. 2) Course Textbook(s)/ Resources: a) Main books: Laura Hartman and Joseph DesJardins, Business Ethics: Decision-Making for Personal Integrity and Social Responsibility, McGraw-Hill/Irwin, 2nd edition, 2010. Or Laura Hartman and Joseph DesJardins, Business Ethics: Decision-Making for Personal Integrity and Social Responsibility, McGraw-Hill/Irwin, 3rd edition, 2013 b) Reference books or resources: * Harvard Business Review * John D. Ashcroft, Jane E. Ashcroft, 2010, Law for Business, 17th edition, Cengage Publication, ISBN 13 9780538749923 ...

Words: 2283 - Pages: 10

Free Essay

Dr Manger

...Organizational Theory, Design, and Change Jones 6th Edition Test Bank Click here to download the solutions manual / test bank INSTANTLY!!! http://solutionsmanualtestbanks.blogspot.com/2011/10/organizational-theory-d esign-and-change_18.html ----------------------------------------------------------------------Organizational Organizational Organizational Organizational Theory, Theory, Theory, Theory, Design, Design, Design, Design, and and and and Change Change Change Change Jones Jones Jones Jones 6th 6th 6th 6th Edition Edition Edition Edition Test Test Test Test Bank Bank Bank Bank -------------------------------------------------------------------------***THIS IS NOT THE ACTUAL BOOK. YOU ARE BUYING the Test Bank in e-version of the following book*** Name: Organizational Theory, Design, and Change Author: Jones Edition: 6th ISBN-10: 0136087310 Type: Test Bank - The test bank is what most professors use an a reference when making exams for their students, which means there’s a very high chance that you will see a very similar, if not exact the exact, question in the test! - The file is either in .doc, .pdf, excel, or zipped in the package and can easily be read on PCs and Macs. - Delivery is INSTANT. You can download the files IMMEDIATELY once payment is done. If you have any questions, please feel free to contact us. Our response is the fastest. All questions will always be answered in 6 hours. This is the quality of service we are providing and we hope to be your...

Words: 29834 - Pages: 120

Premium Essay

Financial Accounting Theory

...Scott, Financial Accounting Theory, 6th Edition Instructor’s Manual Chapter 2 Suggested Solutions to Questions and Problems 1. P.V. Ltd. Income Statement for Year 2 Accretion of discount (10% × 286.36) $28.64 P.V. Ltd. Balance Sheet As at Time 2 Financial Asset Cash $315.00 Shareholders’ Equity Opening balance Net income Capital Asset Present value 0.00 $315.00 $315.00 $286.36 28.64 Note that cash includes interest at 10% on opening cash balance of $150. 2. Suppose that P.V. Ltd. paid a dividend of $10 at the end of year 1 (any portion of year 1 net income would do). Then, its year 2 opening net assets are $276.36, and net income would be: P.V. Ltd. Income Statement For Year 2 Accretion of discount (10% × 276.36) $27.64 Copyright © 2012 Pearson Canada Inc 11 Scott, Financial Accounting Theory, 6th Edition Instructor’s Manual P.V.’s balance sheet at time 2 would be: P.V. Ltd. Balance Sheet As at Time 2 Financial Asset Cash: (140 + 14 + 150) $304.00 Chapter 2 Shareholders’ Equity Opening balance: $276.36 (286.36 - 10.00 dividend) Capital Asset, at Present value 0.00 $304.00 $304.00 Net income 27.64 Thus, at time 2 the shareholders have: Cash from dividend Interest at 10% on cash dividend, for year 2 Value of firm per balance sheet $10.00 1.00 304.00 $315.00 This is the same value as that of the firm at time 2, assuming P.V. Ltd. paid no dividends (see Question 1). Consequently, the firm’s dividend policy does not matter to the shareholders...

Words: 112738 - Pages: 451

Premium Essay

Inter

...To download more slides, ebooks, solution manual and test bank, visit http://downloadslide.blogspot.com Solutions Manual COST ACCOUNTING © 2012 Pearson Education, Inc. Publishing as Prentice Hall. SM Cost Accounting 14/e by Horngren © 2012 Pearson Education, Inc. Publishing as Prentice Hall. SM Cost Accounting 14/e by Horngren To download more slides, ebooks, solution manual and test bank, visit http://downloadslide.blogspot.com Solutions Manual COST ACCOUNTING Fourteenth Edition Charles T. Horngren Srikant M. Datar Madhav Rajan Upper Saddle River, NJ 07458 © 2012 Pearson Education, Inc. Publishing as Prentice Hall © 2012 Pearson Education, Inc. Publishing as Prentice Hall. SM Cost Accounting 14/e by Horngren This work is protected by United States copyright laws and is provided solely for the use of instructors in teaching their courses and assessing student learning. Dissemination or sale of any part of this work (including on the World Wide Web) will destroy the integrity of the work and is not permitted. The work and materials from it should never be made available to students except by instructors using the accompanying text in their classes. All recipients of this work are expected to abide by these restrictions and to honor the intended pedagogical purposes and the needs of other instructors who rely on these materials. Acquisition Editor: Stephanie Wall Editorial Project Manager: Christina Rumbaugh Editorial Assistant: Brian Reilly Project Manager, Production:...

Words: 10664 - Pages: 43

Premium Essay

Learning and Devlopment

...THE RAINTREE HOTELS [pic] SUBMITTED To: Mrs. JAYANTHI PETER SUBMITTED By: JULIA SHALINI [pic] OBJECTIVES A mechanism that helps enhancing performance through building behavioral and functional/technical competencies required for Individual and Organizational development. The policy contains guidelines on identifying learning and development needs, develop plans and approve, and training to employees. POLICY DETAILS Purpose of Training * Training is a process through which there is a transfer of knowledge on technical/functional/behavioral area(s) to the employees. Such as: * Workshops – experiential activities that increase job related knowledge and expertise. * Short courses – Technical / Functional/Behavioral/Leadership skills that increase productivity and efficiency of the employee. * In-service training – on the job training where job related knowledge are either provided/strengthened. * Hotel Tour – where the employee gains knowledge by observing the procedures practiced in Hotel. * Employee training expenses (both onsite and offsite) will be fully borne by the Hotel. * Each employee will be subject to training according to needs arising from: * Competencies required during the annual Performance Appraisal. * Training stated in the Personal development plan during the counseling sessions. * Competencies required for Promotion. ...

Words: 4766 - Pages: 20

Free Essay

Mr Hufdfdsgx

...Disaster Prevention and Management: An International Journal Emergency response preparedness: small group training. Part 2 – training methods compared with learning styles Henry C. Wilson Article information: To cite this document: Henry C. Wilson, (2000),"Emergency response preparedness: small group training. Part 2 – training methods compared with learning styles", Disaster Prevention and Management: An International Journal, Vol. 9 Iss 3 pp. 180 - 199 Permanent link to this document: http://dx.doi.org/10.1108/09653560010335112 Downloaded on: 09 December 2015, At: 11:19 (PT) References: this document contains references to 15 other documents. To copy this document: permissions@emeraldinsight.com The fulltext of this document has been downloaded 1307 times since 2006* Downloaded by Arab Open University Kuwait At 11:19 09 December 2015 (PT) Users who downloaded this article also downloaded: Henry C. Wilson, (2000),"Emergency response preparedness: small group training. Part I – training and learning styles", Disaster Prevention and Management: An International Journal, Vol. 9 Iss 2 pp. 105-116 Piyali Ghosh, Rachita Satyawadi, Jagdamba Prasad Joshi, Rashmi Ranjan, Priya Singh, (2012),"Towards more effective training programmes: a study of trainer attributes", Industrial and Commercial Training, Vol. 44 Iss 4 pp. 194-202 http:// dx.doi.org/10.1108/00197851211231469 Charles W. Read, Brian H. Kleiner, (1996),"Which training methods are effective?", Management...

Words: 13539 - Pages: 55

Free Essay

Syllab

...Get Instant Access to PDF Read Books Cases In Financial Management Brigham Solutions at our eBook Document Library Cases In Financial Management Brigham Solutions PDF Download Cases In Financial Management Brigham Solutions.PDF Getting the screenshots prepared is a good approach that might time savings. But having screenshots already prepared in addition to callouts, explanations, and annotations is an excellent approach which you will save much longer. More than likely, you've all that stuff prepared inside your cases in financial management brigham solutions but it's not very polite to deal to the person: "Read that fantastic manual". User may do not know the location where the manual is on the PC as well as on what page is the looked-for solution located. On the other hand, you may also have zero time and energy to manually cut particular pages with screenshots and related instructions from your manual also to attach them to each support message. Consider virtually any kind of services or products is now purchased or enlisted online, getting repair manuals is effortless. With many suppliers, immediate accessibility to manuals is done possible since they will be stored and ready for download in Portable Document Format (PDF). And unlike traditional printed service manuals that may be easily lost or damaged over time, these cases in financial management brigham solutions might be safely held in your pc for future repairs. This is really going to save you...

Words: 4582 - Pages: 19

Premium Essay

Will Do Next Time

...Instructor’s Manual and Test Bank to accompany A First Look at Communication Theory Sixth Edition Em Griffin Wheaton College prepared by Glen McClish San Diego State University and Emily J. Langan Wheaton College Published by McGraw­Hill, an imprint of The McGraw­Hill Companies, Inc., 1221 Avenue of the Americas, New York, NY 10020. Copyright Ó 2006,  2003, 2000, 1997, 1994, 1991 by The McGraw­Hill Companies, Inc. All rights reserved. The contents, or parts thereof, may be reproduced in print form  solely for classroom use with A First Look At Communication Theory provided such reproductions bear copyright notice, but may not be reproduced in  any other form or for any other purpose without the prior written consent of The McGraw­Hill Companies, Inc., including, but not limited to, in any  network or other electronic storage or transmission, or broadcast for distance learning. PREFACE Rationale We agreed to produce the instructor’s manual for the sixth edition of A First Look at Communication Theory because it’s a first-rate book and because we enjoy talking and writing about pedagogy. Yet when we recall the discussions we’ve had with colleagues about instructor’s manuals over the years, two unnerving comments stick with us: “I don’t find them much help”; and (even worse) “I never look at them.” And, if the truth be told, we were often the people making such points! With these statements in mind, we have done some serious soul-searching about the texts that so many teachers—ourselves...

Words: 159106 - Pages: 637

Premium Essay

System Analysis Notes

...Analysis is used to get a clear idea of what the existing system does. This is corresponds to dossier criterion A. Many students make the mistake of writing about the solution at this stage of their dossiers. With projects of any size, the analysis stage of gathering data is essential because you can gain clear insight into data input, processing and output without thinking about the computer system that may eventually be used. Data collection This process is sometimes referred to (or sometimes taken to include) fact finding. The classic fact-finding methods are: * Conduct interviews * Carry out questionnaires * Study existing documents * Search the literature for other solutions to the same problem. * Observe people working with the existing system Each of these methods has advantages and disadvantages which can be summarised as follows: Method | Advantages and disadvantages | interviews | Detailed data, can change questions during process (not like questionnaire). Time-consuming, problems classifying/quantifying data | questionnaires | Can reach a lot of people, quickly (comp to interview/observation); Numerical analysis possible. Questions may be mis-interpreted; people may not respond at all or may do only some questions. | document search | The data required for the system can be identified accurately. Documents may be lacking, out-of-date etc (interview could discover this) | literature search | Can find descriptions/problems...

Words: 3159 - Pages: 13

Premium Essay

Business Strategy

...Business and marketing strategy fundamentals Course code Course title Business and marketing strategy fundamentals Type of course Compulsory Level of course Graduate Department in charge Graduate School Year of study 1st Semester Fall Number of credits 10 ECTS; 56 hours of class work, 210 hours of selfstudy; 2 hours of consultations Lecturer Benas Adomavičius & PhD. Neringa Ivanauskienė Date of the course XYZ Prerequisites Undergraduate diploma in social sciences Form of studies Friday/Saturday Language of instruction English/Lithuanian Course description Business and marketing strategy are critical components of business success since strategic issues and possibilities arise in all sectors. Important aspects are not only the company’s positioning in relation to its market, but also the technological development, the supply of labour, political developments in society and other factors relevant for how organizations manage their business. 1 2013 Fall semester To a large extend strategic work is about understanding these factors and reinterpreting them so that they become assets rather than restrictions. Business strategy and marketing management concepts and techniques are studied. The course serves as an opportunity to develop skills for environmental and market analysis, understanding of the major business and marketing strategy issues, formulating business and marketing strategies and tactics. Course aim Students are going to discover knowledge...

Words: 3923 - Pages: 16

Free Essay

Answer for Some in a Teachers' Manual

... ENVIRONMENTAL ECONOMICS A TEACHERS’ MANUAL Undergraduate Level By Herminia A. Francisco Bui Dung The Pham Khanh Nam August 2005 1 PREFACE This manual was written to support the teaching of undergraduate environmental economics course in Vietnam Universities. Some time in 2003, a number of senior researchers of the Economy and Environment Program for Southeast Asia (EEPSEA) requested that EEPSEA offers a 3-week training course for teachers of Environmental Economics in the country. The request in turn was precipitated by the new mandate from the Ministry of Education in Vietnam that makes Environmental Economics a required course in all Bachelors’ Degree in Economics and Management for all colleges and universities. Aware that the capacity of teachers to teach Environmental Economics varies across the country as training of teachers varies also from selfstudy, short-term training, to a formal course in an undergraduate/graduate degree from local universities or abroad, EEPSEA acceded to the request and offered the course in August 2005. The course though can be used also in other colleges and universities in Southeast Asia. The training course was designed to teach both the subject matter contained in an internationally-comparable undergraduate environmental course and to enhance teachers’ skills in teaching this subject. A teachers’ manual was developed to support the teaching of the training course, but the intended use was to support the Environmental...

Words: 19925 - Pages: 80