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Good diagrams and explanations please 1) Summarize the major difficulties of the present-aim and self- interest standards of rationality and definitions 2) Consider the following
Good diagrams and explanations please
1)
Summarize the major difficulties of the present-aim and self- interest standards of rationality and definitions
2)
Consider the following general form of the hawk-dove game: there is a resource of value V; if two doves meet, they will split the resource. If a hawk and a dove meet, then the hawk will take the entire resource; if two hawks meet, then they will fight; the loser of the hawk fight pays a cost C, and the winner gets the resource V (each hawk expects to win with probability 50%).
- a)Write down the payoff matrix for this game (use the expected payoff for hawks)
- b)What assumptions on the values V & C are necessary to ensure that this is truly a hawk-dove game (i.e. to ensure that the players do not have dominant strategies)?
- c)Given the assumptions from part (b), what is the equilibrium proportion of hawks (h) in the population?
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