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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.
The image represents a game tree. Which statement(s) are correct about the kind of game is being played?
Which of the following are part of the definition of a game?
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.
Are either of the Nash Equilibria Pareto-Efficient?
Does Hunter 1 have a dominant strategy?
Does Hunter 1 have a dominated strategy?
Does Hunter 2 have a dominant strategy?
Does Hunter 2 have a dominated strategy?
Is (Low, High) Pareto-Efficient?