Homework Assignment 1 Homework Assignment 1 Lewis Luartz POSC 130: Introduction to Comparative Politics February 11, 2020 Due Date: 1:00 PM on Tuesday, February 25, 2020 in class or online via...

1 answer below »

View more »
Answered Same DayFeb 23, 2021

Answer To: Homework Assignment 1 Homework Assignment 1 Lewis Luartz POSC 130: Introduction to Comparative...

Rajeswari answered on Feb 25 2021
154 Votes
Chapter 3
Staton’s preference ordering
Stay out, don’t advertise –4
Stay out advertise –3
Enter, don’t advertise 2
Enter advertise 1
The Payof
f of Station, Reenock are given at the end in brackets in the same order.
Strategy of Station would be to get 4 hence he would opt do not advertise.
But if Reenock selects enter, he would drop to 3.
From Reenock point of view he would try to get max 2.
So he would try to select stay out.
Thus Perfect equilibrium at (4,2) where no player wants to change.
Bottom part is the perfect equilibrium.
If not reversed pay back of Station, Reenock are (1,1) (3,1) (2,2) (4,2)
Thus except the top and the bottom the other two values are interchanged.
c)Hence order matters here not for perfect equilibrium but other cases.
.
Question no.4
Get raise, vote no > Get raise, vote yes > No raise, vote no > No raise, vote yes.
b) to solve by backward induction
If no raise each would vote for no. But no raise has pay offs low as (2,1,2) or (2,2,1) or (2,2,2) or (1,2,2) compared to raise
(3,3,3) (3,3,4) or (3,4,3)or (4,3,3)
i.e. any person pay off is highest if he votes no but gets raise
worst when he votes yes but no rise.
If no raise is the result, the three legislators would want to improve their position, here the already yes person cannot improve so the other two persons individually may want to put yes.
If any legislator gets best payoff, he would prefer to remain there, but other legislators may want to enjoy...
SOLUTION.PDF

Answer To This Question Is Available To Download

Related Questions & Answers

More Questions »

Submit New Assignment

Copy and Paste Your Assignment Here
April
January
February
March
April
May
June
July
August
September
October
November
December
2025
2025
2026
2027
SunMonTueWedThuFriSat
30
31
1
2
3
4
5
6
7
8
9
10
11
12
13
14
15
16
17
18
19
20
21
22
23
24
25
26
27
28
29
30
1
2
3
00:00
00:30
01:00
01:30
02:00
02:30
03:00
03:30
04:00
04:30
05:00
05:30
06:00
06:30
07:00
07:30
08:00
08:30
09:00
09:30
10:00
10:30
11:00
11:30
12:00
12:30
13:00
13:30
14:00
14:30
15:00
15:30
16:00
16:30
17:00
17:30
18:00
18:30
19:00
19:30
20:00
20:30
21:00
21:30
22:00
22:30
23:00
23:30