Consider the given game, here there are two teams each having two possible strategies. Now, if “Washington” chooses to “Run” then the optimum strategy of “Stainford” is “Anticipate Run”, because (-1) > (-5). If “Stainford” chooses to “Anticipated run” then the optimum strategy of “Washington” is “Pass”, because “9 > 1”. So, (Run, Anticipate Run) and (Run, Anticipate Pass) are not pure strategy NE.
Similarly, if “Washington” chooses to “Pass” then the optimum strategy of “Stainford” is “Anticipate Pass”, because 3 > (-9). If “Stainford” chooses to “Anticipated pass” then the optimum strategy of “Washington” is “Run”, because “5 > (-3)”. So, (Pass, Anticipate Run) and (Pass, Anticipate Pass) are not pure strategy NE. Here the game has no pure strategy NE.
Now, let’s assume “Stainford” choose “Anticipate Run” with probability 0.5 and “Anticipate Pass” with probability 0.5. So, the expected pay off of playing “Run” by Washington is given below.
=> E(R) = 1*0.5 + 5*0.5 = 3, => E(R) = 3.
The expected pay off of playing “Pass” by Washington is given below.
=> E(P) = 9*0.5 + (-3)*0.5 = 3, => E(P) = 3. Here the “E(R) = E(P)” implied at the mixed strategy the expected payoff of both the strategy are same.
Let’s assume “Washington” chooses “Run” with probability 0.75 and “Pass” with probability 0.25. So, the expected pay off of playing “Anticipated Run” by Stainford is given below.
=> E(AR) = (-1)*0.75 + (-9)*0.25 = (-3), => E(AR) = (-3).
The expected pay off of playing “Anticipated Pass” by Stainford is given below.
=> E(AP) = (-5)*0.75 + 3*0.25 = (-3), => E(AP) = (-3). Here also the “E(AR) = E(AP)”, implied at the mixed strategy the expected payoff of both the strategy are same.
So, the statement is TRUE.
please help explain and answer c). Washington Huskies versus Stanford Cardinal was one of the most...
ECON 605 Economic Applications of Game Theory and Strategic Behavior Homework 5 Due date: at the BEGINING of the class on Friday, November 8. Maximum Total Score: 100*0.3=30 points Question 1. (30 Points in Total) In a football the offense can either run the ball or pass the ball, whereas the defense can either anticipate a run or a pass. Assume the payoff for the two team on any given down are as follows foto de Porto de este cam...