Consider the following two-player game: each player i has a value vi that the mechanism knows but the other player does not. each player simultaneously and independently tells the mechanism one of two actions, "keep" or "switch." if both players choose "switch," then each player receives a payoff equal to the value of the other player. otherwise, each player i receives vi as payoff. suppose the values are independently chosen at random from a finite set of values v according to some distribution, not necessarily uniform. prove that in any bayesian-nash equilibrium for this game, the highest value for which any player switches is the lowest value that could be drawn with nonzero probability from v.
Answers: 1
Business, 22.06.2019 04:30
What is the second step in communication planning? determine the purpose of the message outline the communication for delivery determine the best channel of communication clarify objectives identify the audience
Answers: 2
Business, 22.06.2019 21:50
Which of the following best describes the economic effect that results from the government having a budget surplus? a. consumers save more and spend less, enabling long-term financial planning. b. overall demand decreases, reducing the incentive for producers to increase production. c. banks have more deposits, enabling them to make more loans to investors. d. government spending increases, increasing competition for goods and services and driving prices up.
Answers: 3
Consider the following two-player game: each player i has a value vi that the mechanism knows but t...
English, 24.07.2019 22:00
Social Studies, 24.07.2019 22:00
Social Studies, 24.07.2019 22:00
History, 24.07.2019 22:00
Social Studies, 24.07.2019 22:00
Mathematics, 24.07.2019 22:00
History, 24.07.2019 22:00
Mathematics, 24.07.2019 22:00