University | Singapore University of Social Science (SUSS) |
Subject | FIN207: Game Theory and Design Thinking Assignment |
FIN207: Game Theory and Design Thinking Assignment, SUSS, Singapore: Each student needs to choose an integer between 1-100 (including 1 and 100) to submit in this TMA
Question 2
This is a game for our class.
Each student needs to choose an integer between 1-100 (including 1 and 100) to submit in this TMA, and then all the choices would be taken averaged. The aim of each participant is to make her/his selected number farther away from the average (i.e., to be the outlier). The farthest outlier wins the game. [For example, if we have only 3 students in our class.
The numbers selected are 2, 13, and 25 from these 3 students, then the average is 10. We can see the distance to the average for each number is 8, 3, and 15 respectively, which means the winner is the one with number of 25.] If there is more than one farthest outlier, then there is no winner, the game ends on nothing.
(a) Outline the pure strategy Nash equilibrium(s) if there is(are) any Nash equilibrium(s) in this game or explain why if there is none. (Word limit: 200 words excluding figures, references, or tables)
(b) Write down which number you would like to submit for this game. Explain your opinion on playing the game.
Hire a Professional Essay & Assignment Writer for completing your Academic Assessments
For top-notch assistance with FIN207 Game Theory and Design Thinking Assignment, turn to our skilled Homework Helpers in Singapore. Our trusted assignment help service offers tailored support to meet your academic requirements. With expert guidance and reliable assistance, Singapore students can confidently seek help from our team to excel in their assignments.
Tags:-
- ELG101: Discovering Language Assignment, SUSS, Singapore: Speakers are creative users of the languages they speak. In our everyday interaction
- ELG101: Discovering Language Assignment, SUSS, Singapore: Demonstrate the articulation of the words in the above data set using the International Phonetic
- Principles of Project Management Individual Assignment, SUSS, Singapore: You are appointed a Project Manager in charge of organising and planning a project
- COR2223: Frontiers of Modern Computing Final Written Assignment, SMU, Singapore: Write a short story imagining a future scenario and how one or more of the modern computing technologies
- AC2101: Accounting Recognition and Measurement Assignment, NTU, Singapore: If NTU-C were to record the abovementioned transactions on 31 January, 28 February and 15 March 20×2
- BSE217: Motor Development, Control and Learning Assignment, SUSS, Singapore: Create a rating scale or categories of differentiation to rate the movement proficiencies of the individual
- BSE217: Motor Development, Control and Learning Assignment, SUSS, Singapore: Discuss the main theoretical foundations of Ecological Dynamics Theory
- NCO201: Learn To Learn, Learn For Life Tutor-Marked Assignment 2, SUSS, Singapore: Create a learning plan. Use this template to create your learning plan
- NCO201: Learn To Learn, Learn For Life Tutor-Marked Assignment 2, SUSS, Singapore: Self-reflection is a critical part of learning. By looking back at your process and analysing
- BPM301: LCC and Sustainable Design and Construction Assignment, SUSS, Singapore: A developer is building a new 3-storey sports complex on a 10-year leasehold land
UP TO 15 % DISCOUNT