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ECC1000 - Principles of microeconomics - S2 2025

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In a game with 4 players, each player can press 0 or 2. If all players press 2, the pool grows to $8 and is split equally among the 4 players. If some players press 2 while the other players press 0, the players who press 2 get $4 each and the others get nothing. If all players press 0, they each get $1. Is there a dominant strategy, and if so, what is it? If there is a dominant strategy, type the number they would press (i.e. do not include any words or other symbols). If there is not a dominant strategy, type NA.

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The image represents a game tree. Which statement(s) are correct about the kind of game is being played?

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Which of the following are part of the definition of a game?

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What are some situations in your life (or the news, or the media, or history, or movies/TV shows/books... basically not the textbook or the lectures) that are strategic situations? Were these simultaneous or sequential games? What was the outcome? Start brainstorming for the workshop here.

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Does Hunter 1 have a dominant strategy?

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Does Hunter 2 have a dominant strategy? 

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Are either of the Nash Equilibria Pareto-Efficient?

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Does Hunter 2 have a dominated strategy?

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Does Hunter 1 have a dominated strategy?

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Is (Low, High) Pareto-Efficient?

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