Determine the best response of each player to each of the other player’s actions; plot them in a diagram and thus find the Nash equilibria of the game.

The best response for player 2 can be stated as:

(where X1 equals the dollar that a person names and Y2(X1) being the amount the person receives)

X1 Y2(X1)

0 10

1 9,10

2 8,9,10

3 7,8,9,10

4 6,7,8,9,10

5 5,6,7,8,9,10

6 5,6

7 6

8 7

9 8

10 9

Th best responses for player 1 would be the same.

Nash equilibria is the set of strategies that every person forms given no person has any incentive to change. Hence, we can say that there are 4 Nash equilibria: (5,5) , (5,6) , (6,5) , (6,6)

8 0

3 years ago

Mark has 312 books in his bookcases. He has 11 times as many fiction as nonfiction books. How many fiction books does Mark have?

Neko [114]

You typed this question three times!!

8 0

3 years ago

Read 2 more answers

This year, a small business had a total revenue of $72,900. If this is 35% more than their total revenue the previous year, what

ziro4ka [17]

Answer:

Therefore there revenue was $540,000.

Step-by-step explanation:

Let their total revenue last year be x

35% of x = $72,9000 - x

or, 35/100 × x = 729000 - x

or, 7x/20 = 729000-x

or, 7x = 20(729000-x)

or, 7x = 1458000- 20x

or, 7x + 20x = 14580000

or, 27x = 14580000

or, x = 14580000/27

so, x = $540,000

4 0

3 years ago

9. AZ Vocabulary Paul has a stack

LenaWriter [7]

Answer:

Paul has 83 cards in total.

Step-by-step explanation:

Add the two stacks together.

8 0

3 years ago