The following payoff matrix, from Blinder (l983) by way of Bernstein (1996), shows a game between politicians and the Federal Reserve. Politicians can expand or contract fiscal policy, while the Fed can expand or contract monetary policy. (And of course either side can choose to do nothing.) Each side also has preferences for that should do what—neither side wants to look like the bad guys. The payoffs shown are simply the rank orderings: 9 for first choice through 1 for last choice. Find the Nash equilibrium of the game in pure strategies. Is this a Pareto optimal solution? The reader might wish to analyze the policies of recent administrations in thislight.
Answer to relevant QuestionsConsider the problem faced by an infant learning to speak and understand a language. Explain how this process fits into the general learning model, identifying each of the components of the model as appropriate.A good straw man” learning algorithm is as follows: create a table Out of all the training examples identify which output occurs most often among the training examples; call it d. Then when given an input that is not in ...Show, by translating into conjunctive normal form and applying resolution, that the conclusion drawn concerning Brazilians is sound.Suppose that Ann’s utilities for cherry and lime candies are c A and l A, whereas Bob’s utilities are c B and l B. (But once Ann has un-wrapped a piece of candy. Bob won’t buy it.) Presumably, if Bob likes lime candies ...Construct a support vector machine that computes the XOR function. It will be convenient to use values of 1 and —1 instead of I and 0 for the inputs and for the outputs. So an example looks like ([—1. ii, 1) or ([—1, ...
Post your question