Imagine that there are three major network-affiliate television stations in Turlock, California: RBC, CBC, and MBC....

Transcribed Image Text:

Imagine that there are three major network-affiliate television stations in Turlock, California: RBC, CBC, and MBC. All three stations have the op- tion of airing the evening network news program live at 6:00 P.M. or in a delayed broadcast at 7:00 P.M. Each station's objective is to maximize its viewing audience in order to maximize its advertising revenue. The fol- lowing normal-form representation describes the share of Turlock's total population that is "captured" by each station as a function of the times at which the news programs are aired. The stations make their choices simul- taneously. The payoffs are listed according to the order RBC, CBC, MBC. Find the set of rationalizable strategies in this game. CBC CBC RBC 6:00 7:00 RBC 6:00 7:00 6:00 14, 24, 32 8, 30, 27 6:00 16, 24, 30 30, 16, 24 7:00 30, 16, 24 13, 12,50 7:00 30, 23, 14 14, 24, 32 6:00 7:00 MBC Imagine that there are three major network-affiliate television stations in Turlock, California: RBC, CBC, and MBC. All three stations have the op- tion of airing the evening network news program live at 6:00 P.M. or in a delayed broadcast at 7:00 P.M. Each station's objective is to maximize its viewing audience in order to maximize its advertising revenue. The fol- lowing normal-form representation describes the share of Turlock's total population that is "captured" by each station as a function of the times at which the news programs are aired. The stations make their choices simul- taneously. The payoffs are listed according to the order RBC, CBC, MBC. Find the set of rationalizable strategies in this game. CBC CBC RBC 6:00 7:00 RBC 6:00 7:00 6:00 14, 24, 32 8, 30, 27 6:00 16, 24, 30 30, 16, 24 7:00 30, 16, 24 13, 12,50 7:00 30, 23, 14 14, 24, 32 6:00 7:00 MBC

Answer rating: 100% (QA)

To find the set of rationalizable strategies in this game we need to determine the strategies that s... View the full answer