Question: Please answer in a,b,c,d,e separately. Thanks. Happy to give Thumbsup for any help. 4. Three board members are going to vote for a president from

Please answer in a,b,c,d,e separately. Thanks. Happy to give Thumbsup for anyPlease answer in a,b,c,d,e separately. Thanks.

Happy to give Thumbsup for any help.

4. Three board members are going to vote for a president from them: Ava, Bob and Chloe. Each member is both a candidate and a voter. Here is the voting rule: each member votes for one candidate (voting for oneself is allowed); if two or more people vote for the same candidate then that person is chosen as the president; if there is exactly one vote for each candidate, then the person for whom Ava voted is selected as the president. (a) Represent this voting procedure as a game frame, indicating inside each cell of each table which candidate is elected, i.e., using the president's name as the payoff value. [6 Marks] (b) Convert the game frame into a 3-person non-zero-sum game with the following payoff values: The president payoff values for Ava: Ava - 2, Bob -0. Chloe - 1. The president payoff values for Bob: Ava - 1, Bob - 2, Chloe - 0. The president payoff values for Chloe: Ava - 0, Bob - 1, Chloe - 2. [6 Marks] (c) Find the Nash equilibrium of this game. Explain your reason clearly. [6 Marks] (d) Find the Pareto optimality of this game. Explain your reason clearly. [6 Marks) (e) Does the extra power given to Ava (in case of one vote for each candidate) benefit Ava? 4. Three board members are going to vote for a president from them: Ava, Bob and Chloe. Each member is both a candidate and a voter. Here is the voting rule: each member votes for one candidate (voting for oneself is allowed); if two or more people vote for the same candidate then that person is chosen as the president; if there is exactly one vote for each candidate, then the person for whom Ava voted is selected as the president. (a) Represent this voting procedure as a game frame, indicating inside each cell of each table which candidate is elected, i.e., using the president's name as the payoff value. [6 Marks] (b) Convert the game frame into a 3-person non-zero-sum game with the following payoff values: The president payoff values for Ava: Ava - 2, Bob -0. Chloe - 1. The president payoff values for Bob: Ava - 1, Bob - 2, Chloe - 0. The president payoff values for Chloe: Ava - 0, Bob - 1, Chloe - 2. [6 Marks] (c) Find the Nash equilibrium of this game. Explain your reason clearly. [6 Marks] (d) Find the Pareto optimality of this game. Explain your reason clearly. [6 Marks) (e) Does the extra power given to Ava (in case of one vote for each candidate) benefit Ava

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