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Elza [17]
3 years ago
14

If a player chooses a mixed strategy in a Nash equilibrium, this implies that the payoff from using that mixed strategy is the s

ame as the payoff from using any of the pure strategies in it. If the statement is true try to reason why, if it is false find a counterexample.
Business
1 answer:
son4ous [18]3 years ago
8 0

Answer:

False.

Explanation:

The concept of "Nash equilibrium" is been by economist and also by "gamers" in game theory. Nash equilibrium is so good for making decisions and the determination of strategies.

In playing this game, the players or participants can use the pure strategy or the mixed strategy. The mixed strategy is the use of different strategies randomly.

"If a player chooses a mixed strategy in a Nash equilibrium, this implies that the payoff from using that mixed strategy is the same as the payoff from using any of the pure strategies in it".

The statement given above is FALSE because the PAYOFF WILL INCREASE IF WE ARE TO PLAY A MIXED STRATEGY.

For instance if we have a head of 1 and -1, and a tail of -1 and 1, the payoff for pure strategy is likely one or minus one but for a mixed strategy it could be zero.

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Explain the meaning of rationalization, prototyping and design determination and give an example of each
matrenka [14]

Answer:

rationalization: (1) the action of attempting to explain or justify behaviour or an attitude with logical reasons, even if these are not appropriate.

(2)the action of making a company, process, or industry more efficient, especially by dispensing with superfluous personnel or equipment.

prototyping : (1)an experimental process where design teams implement ideas into tangible forms from paper to digital.

design determination : (1) Design and determination are semantically related in aim topic. Sometimes you can use "Design" instead a noun "Determination".

Explanation:

examples:-

(1) rationalization : a person who is turned down for a date might rationalize the situation by saying they were not attracted to the other person anyway. A student might blame a poor exam score on the instructor rather than their own lack of preparation.

(2) prototyping : cognitive representation of something within a certain category. ... So if you see another dog, you could say that other dog is small (compared to your prototype), heavy, ugly, beautiful, etc.

(3) design determination : testing a new depression medication

5 0
2 years ago
Why do governments regulate natural monopolies?
ss7ja [257]

The government may wish to regulate monopolies to protect the interests of consumers. For example, monopolies have the market power to set prices higher than in competitive markets. The government can regulate monopolies through price capping, yardstick competition and preventing the growth of monopoly power.

7 0
3 years ago
Read 2 more answers
Knelling Company reported a balance in Accounts Receivable of $50,000 and a credit balance of $3,000 in the Allowance for Doubtf
Crank

Answer:

Bad Debt A/c Dr  $9,000

To Credit Allowance for Bad & Doubtful  A/c    $9,000

Explanation:

According to the scenario, the journal entry are given below:

Journal Entry:

Bad Debt A/c Dr  $9,000

To Credit Allowance for Bad & Doubtful  A/c    $9,000

(Being the Bad debt A/c is recorded)

The computation for bad debts are given below:

 Bad debts = Uncollectible Amount - Credit balance in Allowance for doubtful A/c

Where,

Uncollectible Amount = $12,000

Credit balance in Allowance for doubtful A/c = $3,000

By putting the value we get,

= $12,000 - $3,000

= $9,000

8 0
3 years ago
Sarah has prepared a script for the animation she wants to create. What is the next step she should follow? A. storyboarding B.
Ivenika [448]

Answer:

The correct answer is option D. choosing an animation tool

Explanation:

After preparing a script for an animation, the next step that should follow is to choose an animation tool. There are several kinds of animation types and consequently several kinds and types of animation tools. In order to go ahead with the story boarding, one needs to first establish the basic of animation including the types.

I hope the answer was helpful.

Thanks for asking.

7 0
3 years ago
A company sold 3,000 units at $500 each. Variable expenses were $350 per unit, and fixed expenses were $780,000. The same variab
nikitadnepr [17]

Answer:

6,000 units

Explanation:

We know that

Break even point in units = (Fixed expenses ) ÷ (Contribution margin per unit)  

where,  

Contribution margin per unit = Selling price per unit - Variable expense per unit

The selling price would be

= $500 - $500 × 4%

= $500 - $20

= $480

And, the Variable expense per unit is $350

So, the contribution margin per unit would be

= $480 - $350

= $130

So, the break even point in  unit should be

= $780,000 ÷ $130 per units

= 6,000 units

3 0
3 years ago
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