ECO206Y1 Lecture Notes - Lecture 5: Nash Equilibrium, Rock–Paper–Scissors
Document Summary
Problem set for lecture 5 game theory applications. Professor freitas and i each write three questions on the nal exam, either hard ones (h) or easy ones (e). If both of us put hard questions or both of us put easy questions on the exam, the students will complain, so both of us get 0 utility. A policeman and thief simultaneously decide whether to go to a bank (g or n). The thief can steal 1 thousand dollars if he is only one going. The trip to the bank will cost the police 30 dollars (0. 03 thousand dollars) no matter whether the thief is there. Romeo and juliet decide to go on a study date at either robarts, gerstein or ejpratt library. Romeo likes robarts the most and juliet likes ejp the most. Romeo and juliet decide to go on a study date again at either robarts or ejp.
