ECN 601 Topic 5 Problems; Chapter 15, Chapter 16.

1. Consider the following sequential game in which player 1 selects first between A, B, C, and D,andplayer2selects secondeitherXorY.Whichstrategy doesplayer1selectinequilibrium? 2. fr1me05h.Ch15-2.01: What is the Nash equilibrium of the following game? 3. fr1me05h.Ch15-3.01: Which of the following is true of a prisoner’s dilemma? 4. Consider the following game representing hockey team’s choices to wear a helmet or not prior to the NHL mandating the wearing of helmets. 5. What is the Nash equilibrium? 6. What is/are the Nash equilibrium/equilibria of the following game? 7. What is/are the Nash equilibrium/equilibria of the following in which two related firms are deciding on a technology to adopt? 8. fr1me05h.Ch15-4.03: When are players playing mixed strategy? 9. fr2me05h.Ch15-01: Which of the following is true of a Nash equilibrium? 10. fr2me05h.Ch15-02: Consider the following game. What is the Nash equilibrium? 11. fr2me05h.Ch15-03: Consider the same game as in the previous question. Imagine that player 1 now goes first, with player 2 responding to player 1’s action. What is the equilibrium path? 12. fr2me05h.Ch15-04: A trigger strategy 13. fr2me05h.Ch15-03: Consider the same game as in the previous question. Imagine that player 1 now goes first, with player 2 responding to player 1’s action. What is the equilibrium path? 14. fr2me05h.Ch15-05: Which of the following is true of a prisoner’s dilemma?