Game theory guys, can you help me identify what kind of problem this is? Aka, if it's cournot or bertrand or whatever the fuck, and possibly just tell me how to get started. Like am I supposed to take the derivative of this to find the maximization of it?
What's the question, finding equilibria?
>>289637
there are 5 questions to be answered
1. Show that each player has a dominant strategy.
2. Find all Nash equilibria of this game.
3. Who exerts more effort in equilibrium?
4. What happens with the equilibrium levels of effort if α increases?
5. Consider the limit situation in which α → +∞. Describe this limit
outcome in terms of the effort levels and the probability of achieving
the goal. Interpret the result.
just need some help getting started with this, can anyone help me out?
>>289665
Yeah I guess you could take derivatives to find maximums. But you'd probably have better luck reading your textbook or asking the professor or TAs.
>>289698
it's an online class
https://www.youtube.com/watch?v=2jOVqNqIWTU&feature=share
am i allowed to bribe you faggots with nudes?
No matter what player 2 does, the best choice for player 1 is:
e_1 = 1/(2 + 2a)
No matter what player 1 does, the best choice for player 2 is:
e_2 = a/(2 + 2a)
>>289737
so the a doesn't matter?