Problem 3. (Capture the flag) There are two players and 21 flags, of which 20 are...
Fantastic news! We've Found the answer you've been seeking!
Question:
Transcribed Image Text:
Problem 3. (Capture the flag) There are two players and 21 flags, of which 20 are orange and one is blue. The winner of the game is the player that captures the blue flag. At each step, a player can take 1, 2, or 3 flags. They must take orange flags first; i.e., the blue flag must be the last flag to be taken. The winner is the last player to move, i.e., the player who captures the blue flag (regardless of how many other orange flags they take on the last turn). Suppose that player 1 moves first, and subsequently players alternate turns until the game ends. Use backward induction to find an SPNE: Give equilibrium strategies, the equilibrium path of play, and the outcome. (Remember that strategies must be complete contingent plans: they must say what each player would do after any history of the game.) (NOTE: We've asked you to solve this problem mainly to get practice translating the solution we derived in class into the formalism of SPNE. For an added challenge (not to turn in), generalize your solution to the case where there are n flags, and on each turn a player must take a number of flags between 1 and k, where k is a positive integer less than n.) Problem 3. (Capture the flag) There are two players and 21 flags, of which 20 are orange and one is blue. The winner of the game is the player that captures the blue flag. At each step, a player can take 1, 2, or 3 flags. They must take orange flags first; i.e., the blue flag must be the last flag to be taken. The winner is the last player to move, i.e., the player who captures the blue flag (regardless of how many other orange flags they take on the last turn). Suppose that player 1 moves first, and subsequently players alternate turns until the game ends. Use backward induction to find an SPNE: Give equilibrium strategies, the equilibrium path of play, and the outcome. (Remember that strategies must be complete contingent plans: they must say what each player would do after any history of the game.) (NOTE: We've asked you to solve this problem mainly to get practice translating the solution we derived in class into the formalism of SPNE. For an added challenge (not to turn in), generalize your solution to the case where there are n flags, and on each turn a player must take a number of flags between 1 and k, where k is a positive integer less than n.)
Expert Answer:
Related Book For
Posted Date:
Students also viewed these economics questions
-
Planning is one of the most important management functions in any business. A front office managers first step in planning should involve determine the departments goals. Planning also includes...
-
Read the case study "Southwest Airlines," found in Part 2 of your textbook. Review the "Guide to Case Analysis" found on pp. CA1 - CA11 of your textbook. (This guide follows the last case in the...
-
Lacoste t-shirts come with an average price of $ 120 a piece, at their factory outlet with a std. deviation of $ 17. But at the Seasonal Sale (Discount) outlets of these t- shirts, it was also...
-
Write a short report about the following terms: Concepts Constructs Definitions Variables Propositions Hypotheses Theory Reasoning Models In the above report gives an example from your area of study....
-
A liquid has a density p. (a) Show that the fractional change in density for a change in temperature T is p/ = -BT. What does the negative sign signify? (b) Fresh water has a maximum density of 1.000...
-
A suitcase being loaded into an airplane moves at constant velocity on an inclined conveyor belt. Draw a free-body diagram for the suitcase as it moves up along with the belt. Show the normal and...
-
PFW Co. reports net income of $45,000. Partner salary allowances are Pitts $15,000, Filbert $5,000, and Witten $5,000. Indicate the division of net income to each partner, assuming the income ratio...
-
Trying to break an encryption key by trying every possible combination of characters is called what? 1 point A social engineering attack A brute force attack A rainbow table attack A known cyphertext...
-
Aman and Juanita have $150,000 in their business bank account. You have calculated their warehouse stock and equipment to be valued at a total of $480,000. They want to take out a policy for...
-
Vaughn Corporation has 100,000 shares of $40 par value preferred stock authorized. During the year, it had the following transactions related to its preferred stock. (a) Issued 23,000 shares at $60...
-
Which of the below/following do you think should pay more money for higher education in Texas as costs of colleges/universities continue to increase? Discuss your views with a minimum of two...
-
A laptop with a screen dimension ratio of 18:7 is plying a video image with a dimension ratio of 9:2 at its fullest size which left a letter-boxed image. What percent of the screen's area is occupied...
-
Training cost do not have to be expensive. If organizations leverage their available in-house expertise to provide face to face "up-skilling" sessions or even lunch and learn sessions, this would be...
-
1 ) What type of opinion did the auditor issue on the 2 0 1 9 financial statements? 2 ) What type of opinion did the auditor issue on internal controls over financial reporting for 2 0 1 9 ? 2 0 1 9...
-
5. A 1000 kg satellite currently follows an elliptical Earth orbit with altitudes of 400 km above Earth's surface. The goal is to transfer it to a geostationary orbit at an altitude of 36,000 km. You...
-
Find the volume of the body of rotation formed by rotating the line? y x x with curve y = 2 and x = 0 the territory bounded by the truths x = 4
-
In a system with light damping (c < cc), the period of vibration is commonly defined as the time interval d = 2/d corresponding to two successive points where the displacement-time curve touches one...
-
The United Football League (UFL), a North American professional football league, has been in work stoppage since July 1, 2013, immediately after the six-week training camp ended. Faced with stalled...
-
Cogesco purchased 75% of the capital of Securenet for $250,000 on January 1, 2008. At this date the equity of Securenet was: Share capital......... $100,000 Retained earnings...... 100,000 At this...
-
You, a CGA, are the audit partner on the audit of Favour Care Homes, a not-for-profit organization that helps seniors remain in their own homes. Favour has been an audit client of your firm for a...
-
Figure 7.18 shows a liquid-level system in which two tanks have cross-sectional areas \(A_{1}\) and \(A_{2}\), respectively. The volume flow rate into tank 1 is \(q_{\mathrm{i}}\). A pump is...
-
For the three-room house shown in Figure 7.35, all rooms are perfect squares and have the same dimensions. An air conditioner produces an equal amount of heat flow \(q_{\mathrm{ho}}\) out of each...
-
Consider the single-tank liquid-level system shown in Figure 7.19, where the volume flow rate into the tank through a pipe is \(q_{\mathrm{i}}\). The liquid leaves the tank through an orifice of area...
Study smarter with the SolutionInn App