Question: Microsoft and a smaller rival often have to select from one of two competing technologies. The rival always prefers to select the same technology as
- Microsoft and a smaller rival often have to select from one of two competing technologies. The rival always prefers to select the same technology as Microsoft (because compatibility is important),while Microsoft always wants to select a different technology from its rival. Describe the equilibrium of this game.
- 15-4 Salary Negotiation The below figure represents the potential outcomes of your first salary negotiation after graduation. Assuming this is a sequential-move game with the employer moving first, indicate the most likely outcome. Does the ability to move first give the employer an advantage? If so, how? As the employee, is there anything you could do to realize a higher payoff? Employer Low Salary Offer High Salary Offer Employee Accepts Employee gets 100Employer gets 75Employee Accepts Employer gets 100Employee gets 75Employee Walks Employer gets 0Employee gets 0Employee Walks Employer gets 0Employee gets 0
- 15-6 Entry Game with Withdrawal In the text, we considered a sequential-move game in which an entrant was considering entering an industry in competition with an incumbent firm(Figure 15.1). Consider now that the entrant, if fought, has the possibility of withdrawing from the industry (at a loss of 1 for the entrant and again of 8 for the incumbent), or staying (at a loss of 5 for each player). What is the equilibrium of this game? Discuss if the entrant is better off with or without the ability to withdraw
- 15-1 To Vote or Not to Vote Mr. and Mrs. Ward typically vote oppositely in elections and so their votes "cancel each other out. "They each gain two units of utility from a vote for their positions (and lose two units of utility from a vote against their positions). However the bother of actually voting costs each one unit of utility. Diagram a game in which they choose whether to vote or not to vote.
Can you please help me answer these questions pertaining to Game theory?
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