Learning Goal: I’m working on a game theory project and need an explanation and

Place your order now for a similar assignment and have exceptional work written by our team of experts, At affordable rates

For This or a Similar Paper Click To Order Now

Learning Goal: I’m working on a game theory project and need an explanation and answer to help me learn.
Utilizing the file attached above, which contains the matrix below, devise a strategic game for a real-life situation between two players that leads to a prisoner’s dilemma because of positional externalities. Make sure that you label who the players are, devise and label the two strategies, and type-in the accompanying payoffs in the matrix that have been appropriately underlined to outline each player’s best responses. You need to then write an essay describing the real life situation and the details of your game and why the devised payoffs are appropriate. In addition, you need to detail each player’s best responses in the game, given what the opposing player is doing, and you need to describe how the strategies lead to a prisoner’s dilemma because of inherent positional externalities embedded within the game. The essay needs to be a minimum of three quarters (3/4) of a page (excluding the matrix). The example that you create doesn’t have to necessarily pertain to purely business or economic matters. You can create and come up with any situation that you choose. *******However, please note that you can not use an example where prisoner’s or other individuals are deciding to either confess or keep quiet in the game. I want you to devise an original game. ********
Submission Instructions:
Utilize the file attached above, which contains the appropriate matrix, to write and submit your paper. Please double space your text and utilize a size 12 font. Your matrix and accompanying essay need to be submitted as a Word document into Canvas. Points will be awarded based on an appropriate technical description of the game, logical consistency in a game theoretical sense, and whether or not the described game and situation logically leads to a prisoner’s dilemma because of inherent positional externalities.
No plagiarism! must own word!!

For This or a Similar Paper Click To Order Now

Leave a Comment

Your email address will not be published. Required fields are marked *

Why Choose Us

A descriptive paragraph that tells clients how good you are and proves that you are the best choice that they’ve made. This paragraph is also for those who are looking out for a reliable car repair.

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Guarantee Service

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Scroll to Top