What effect does being an oil producer have on the probability that a democracy will be stable?
Consider the last column of results shown in Table 6.5 in your textbook. What effect does being an oil producer have on the probability that a democracy will be stable? c) being an oil producer has no significant effect on the chances of democratic survival.
When testing the implications of modernization theory and the survival story it is most appropriate to look at which of the following?
Terms in this set (26) when testing for implications of modernization theory and survival story, its most appropriate to look at? the level of a country’s socioeconomic structure.
What effect does an increase in wealth measured by GDP per capita have on the probability that a democracy will be stable?
What effect does an increase in wealth (measured by GDP per capita) have on the probability that a democracy will be stable? Increasing wealth increases the chances of democratic survival.
What is are the Nash equilibrium equilibria in the game shown in the attachment?
What is (are) the Nash equilibrium (equilibria) in the game shown in the attachment? Attached is the Exit, Voice, and Loyalty game between the state and the citizen.
What is Nash equilibrium give example?
In the Nash equilibrium, each player’s strategy is optimal when considering the decisions of other players. Every player wins because everyone gets the outcome they desire. The prisoners’ dilemma is a common game theory example and one that adequately showcases the effect of the Nash equilibrium.
How do you know if there is a Nash equilibrium?
To find the Nash equilibria, we examine each action profile in turn. Neither player can increase her payoff by choosing an action different from her current one. Thus this action profile is a Nash equilibrium. By choosing A rather than I, player 1 obtains a payoff of 1 rather than 0, given player 2’s action.
Which of the following is true of a Nash equilibrium?
Which of the following is true of a Nash equilibrium? No player can improve his payoff by changing his strategy once in Nash equilibrium. A game can have only one Nash equilibrium. A Nash equilibrium occurs if each player earns a zero payoff irrespective of the strategy he chooses.
What is the answer to the prisoner’s dilemma?
A mutual promise not to confess actually encourages confession, which leads to freedom (the best individual outcome) for the self-interested. This is the prisoner’s dilemma. Game theorists have determined that confessing is always the answer for both parties in this case.
What is Player A’s dominant strategy?
In game theory, a dominant strategy is the course of action that results in the highest payoff for a player regardless of what the other player does. Not all players in all games have dominant strategies; but when they do, they can blindly follow them.
Does each firm have a dominant strategy and if so what is it?
2d A game is a prisoner’s dilemma if: each player has a dominant strategy, and when both players choose their dominant strategy, each gets a lower payoff than if each had chosen their dominated strategy. No, Firm 1 does not have a dominant strategy in this game.
What is the tit for tat strategy in a repeated Prisoners Dilemma game quizlet?
To motivate compliance in a repeated prisoner’s dilemma game, Tit-For-Tat strategy used. This is when cheating by one firm in the period will result in the other firm cheating in the next period. However if the firm is compliant in the current period, it will result in the other company complying in the next period.
Does Alpha have a dominant strategy and if so what is it quizlet?
Refer to Table 11-9. Does Alpha have a dominant strategy and if so, what is it? -No, there is no dominant strategy.