I’m working on a Game Theory question and need guidance to help me study. Suppose once they are out in the forest, each of a village’s n hunters can choose to pursue a hare or a mammoth. If any hunter chooses to pursue a hare, they will always have success, and will get a payoff of 1, because the hare will provide a little food for each person in the hunter’s family. If a hunter chooses to pursue a mammoth,…
I'm working on a game theory question and need a sample draft to help me understand better.Draw the extensive-form diagram of the Let’s Make a Deal / Monty Hall three-door game. In this game, the host (player 1) privately selects an envelope in which to put the prize money (A, B or C). The contestant (player 2) does not observe the host's choice but then must select an envelope. The host must open one of the envelopes that the contestant…
Below is the information about the essay you will write.Please find at the link below the article related to Game Theory and International Relations.http://www.ritsumei.ac.jp/ir/isaru/assets/file/journal/14-2_hector.pdf There are three main parts in the article.3.2. Game theory and security and defense studies (pp. 4 - 11)3.3. Game theory and the economic relations among nation-states (pp. 11 - 13)3.4. Game theory and diplomacy (pp.13 - 15)I want you to read those three main parts and then summarize and discuss them (make a critique) in…
Econ: Seminar in Microeconomic AnalysisGame theory questions required detail answer and process. 1. (20 points) Two women appear before King Solomon at his palace, along with an infant. Each woman claims that the infant is her child. The child is "worth" 100 dinars to his true mother, but he is only "worth" 50 dinars to the impostor. The king knows that one of the two women is the true mother of the child, and he knows the "values" that the…