Question
The city police commission was disappointed with the revenues they earned from the new speed cameras that they installed at many traffic light intersections. Fine
The city police commission was disappointed with the revenues they earned from the new speed cameras that they installed at many traffic light intersections. Fine revenues were less than half of what they had anticipated based on the number of speeders observed before the cameras.
(a) Design and explain an appropriate game theory model that illustrates the strategy of speeding and law enforcement.
(b) Use the game theory model to explain how it could have been used to predict why driver compliance and police enforcement strategy yielded such a result.
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