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Please help for microecon assignment B2: The Lovers: Ben and Sam have been seeing each other for a while. Ben prefers Batman to Superman, and
Please help for microecon assignment
B2: The Lovers: Ben and Sam have been seeing each other for a while. Ben prefers Batman to Superman, and Sam prefers Superman to Batman. But, more importantly, they want to see the movie together. The payoff matrix below reflects the sentiments. Ben Batman Superman Batman 500 200 300 200 Sam 250 300 Superman 250 500 (i) What would Sam pick if Ben is to pick Batman? Answer: Batman (ii) What would Sam pick if Ben is to pick Superman? Answer: (in1) Does Sam have a dominant strategy? Answer: (Yeso? If Y, what?) (IV) What would Ben pick if Sam is to pick Batman? Answer: ( V ) What would Ben pick if Sam is to pick Superman? Answer: ( vi) Does Ben have a dominant strategy? Answer: (Yeso? If Y, what?) (vii) Identify the Nash Equilibrium/Equilibria (fill in "N.A." if not applicable) Equilibrium #1: Ben = Sam = Equilibrium #1: Ben = Sam =B3 The Siblings, Part II: Ben and Sam are siblings who are to decide which of the two movies to watch: Batman or Superman. Ben prefers Batman to Superman, and Sam prefers Superman to Batman. More importantly, Sam, the little sister, wants to see the movie with Ben; not wanting to be annoyed, Ben wants to see the movie alone. The payoff matrix below reflects the sentiments. Ben Batman Superman Batman 250 350 400 150 Sam 500 150 Superman 250 500 (i) What would Sam pick if Ben is to pick Batman? Answer: (ii) What would Sam pick if Ben is to pick Superman? Answer: (iii) Does Sam have a dominant strategy? Answer: (Yeso? If Y, what?) (iv) What would Ben pick if Sam is to pick Batman? Answer: (v) What would Ben pick if Sam is to pick Superman? Answer: (vi) Does Ben have a dominant strategy? Answer: (Yeso? If Y, what?) (vii) Identify the Nash Equilibrium/Equilibria (fill in "N.A." if not applicable). Equilibrium #1: Ben = Sam = Equilibrium #1: Ben = Sam =Step by Step Solution
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