Imagine that the Buffalo Bills collected $53,000,000 in gate revenues during 2018/19. The New England Patriots collected $104,000,000 in the same season. All of the other teams (30 other teams) collected $2,083,000,000. Using the revenue sharing rules in the NFL... The Buffalo Bills are net contributors of $6,650,000 after revenue sharing are net recipients of $6,650,000 after revenue sharing are net recipients of $6,800,000 after revenue sharing are net contributors of $6,800,000 after revenue sharing
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- Suppose that there were two competing types of high-definition DVD players, Greenbeam and Mosdef. Greenbeam enjoyed an initial advantage in the market for high-definition DVD players because there were more motion-picture production companies offering movies compatible with its system. Which of the following is an illustration of a network externality? Mosdef benefited from more consumers buying Greenbeam DVD players. O Consumers bought Mosdef players in increasing numbers, while Greenbeam lost market share and eventually went out of business. Consumers bought Greenbeam players in increasing numbers, while Mosdef lost market share and eventually went out of business. More production companies adopted the Mosdef format for their movies because the Mosdef player had the superior format, despite the fact that more consumers purchased Greenbeam players.Game Theory Question A non-profit firm is on a local community online donation platform for a community event it wants to hold (only community members can donate via the website). The event will be held only if the non-profit firm collects $20,000 total from members of the community. Each member values the event at $500. Suppose that there are 100 community members. Community members can only donate by purchasing a lottery ticket from the firm. Each ticket costs $200 and only one ticket can be purchased per member. The proceeds will be collected by the firm. The lottery winner gets a premier meal at a local restaurant that's worth $100. Remember, the firm keeps all the donated money. If the amount of donations is less than $20,000, then the firm returns the donated money to the community members (since there'll be no event held but the lottery winner still gets to eat that fancy meal). If the donations sum up to $20,000, the community event will take place. What are the Nash…3. Suppose that the various Balls of basketball or internet fame Lavar, Lamelo, Liangelo, Lonzo,and Spalding are considering playing in a 1-on-1 tournament. They get a payoff of 0 if theydecide not to participate. The following table illustrates their payoffs across the variousscenarios. 1 Player 2 Players 3 Players 4 Players 5 Players Lavar 10 4 2 -2 -5 Lamelo 10 7 5 2 -1 Liangelo 10 7 5 2 -1 Lonzo 10 8 7 6 5 Spalding 10 9 8 7 6 a. Find and describe all pure strategy Nash Equilibria.b. Suppose now Spalding, since it is in fact a literal basketball, gets a payoff of 0 in anycircumstance, being an inanimate object. The table is now as follows: 1 Player 2 Players 3 Players 4Players 5 Players Lavar 10 4 2 -2 -5 Lamelo 10 7 5 2 -1 Liangelo 10 7 5 2 -1 Lonzo 10 8 7 6 5 Spalding 0 0 0 0 0 Find and describe all pure strategy Nash Equilibria.
- * Assume the following game situation: If Player A plays UP and Player B plays LEFT then Player A gets $2 and Player B gets $4. If Player A plays UP and Player B plays RIGHT then Þlayer A gets $3 and Player B gets $6. If Player A plays DOWN and Player B plays LEFT then Player A gets $5 and Player B gets $2. If Player A plays DOWN and Player B plays RIGHT then Player A gets $1 and Player B gets $1. What is the mixed strategy expected payout for Player A? O 11/2 39/15 O 8/3 01Exercise 6.1Suppose that two airlines decide to collude. Analyse the game between these two companies. Suppose that each of them can charge for tickets a high price or a low price. If one of them charges 100 euros, it gets few profits if the other also charges 100 euros and high profits if the other charges 200 euros. On the other hand, if the company charges 200 euros, it obtains very little profit if the other charges 100 euros and an average profit if the other also charges 200 euros. a) Represent the matrix of results of this game. b) What is the Nash equilibrium in this game? Explain your answer. c) Is there an outcome that would be better than the Nash equilibrium for the two airlines? How could it be achieved? Who would lose out if it were reached?Assume the following game situation: If Player A plays UP and Player B plays LEFT then Player A gets $1 and Player B gets $3. If Player A plays UP and Player B plays RIGHT then Player A gets $2 and Player B gets $5. If Player A plays DOWN and Player B plays LEFET then Player A gets $4 and Player B gets $2. If Player A plays DOWN and Player B plays RIGHT then Player A gets $1 and Player B gets $1 What is the Mixed Strategy Equilibrium for Player B? O. (LEFT, RIGHT) = (1/8, 3/8) O. (LEFT, RIGHT) = (1/4, 3/4) O. (LEFT, RIGHT) = (1/2, 1/2) O. (LEFT, RIGHT) = (3/8, 1/8)
- There is substantial revenue sharing in the NFL. The Baltimore Ravens generated approximately $72 million in gate revenue (i.e. revenue from ticket sales) in 2019. The NFL as a whole generated approximately $2.4 billion in gate revenue in 2019. Use this information to calculate gate revenue for the Ravens after revenue sharing occurs.Question 24 In the coordination game shared in class and in the textbook, it shows players Alex and Tyler coordinating over using Microsoft or Apple software. The strategies lead to a situation with two Nash Equilibria where both use Microsoft or both use Apple with each associated with different equal payoffs. This game is illustrating which concept of Network Goods? O The contestability of the market for a network good. O The "best" product may not win. O The coordination amongst competing network goods. O The required scale of success in the market.6) Consider the following signaling game: 20, 5 0,0 10, -10 -10,0 Left Left Right Right Player 2 Player 2 1-a Up Up Nature Player 1-A Player 1-B Туре А — 50% Туре В — 50% Down Down Player 2 1-B Player 2 Left Right Left Right 10,5 0,0 5, -10 0,0 Let's see if it has a pooling equilibrium. Follow the following steps: a. Specify strategies of a possible pooling equilibrium b. Determine player 2’s on-path beliefs for the belief probabilities a and ß as appropriate. You can infer these beliefs from what we know about beliefs in pooling equilibria, and do not have fully calculate them. c. Check whether either player wants to deviate. Is there a pooling equilibrium? d. Determine the off-path beliefs that make the equilibrium hold.
- Game Theory I am trying to assign numbers (theoretical)to a game im making. Its about Tipping. Its based on 3 different efforts a server has showed Can you assign numbers to each of these. This is all made up so you can use whatever values they just need to be in regard to the other values. Thanks. I was thinking to start on high effort Tip could be +10 and no tip could be -10 Best and worst scenario. You do high effort service and get tipped and high effort with no tip. Thanks4. Consider the two-player Rock-Paper-Scissors game. Each player can choose between three pure strategies: Rock, Paper, and Scissors. Strategy Rock beats Scissors, but loses to Paper. Strategy Paper beats Rock but loses to Scissors. Strategy Scissors beats Paper, but loses to Rock. When the game is a draw, the payoff for the players is '0'. The payoff of winning is ‘+1' and the payoff of losing is '-1'. Formulate this problem as a two-person, zero-sum game by constructing a payoff table.. In a gambling game, Player A and Player B both have a $1 and a $5 bill. Each player selects one of the bills without the other player knowing the bill selected. Simultaneously they both reveal the bills selected. If the bills do not match, Player A wins Player B's bill. If the bills match, Player B wins Player A's bill. a. Develop the game theory table for this game. The values should be expressed as the gains (or losses) for Player A. b. Is there a pure strategy? Why or why not? c. Determine the optimal strategies and the value of this game. Does the game favor one player over the other? d. Suppose Player B decides to deviate from the optimal strategy and begins playing each bill 50% of the time. What should Player A do to improve Player A’s winnings? Comment on why it is important to follow an optimal game theory strategy.