Please, answer the Game Theory problem questions that I send attached and provide an explanation
10/7/2021 Retake Exam (pàgina 1 de 4) https://aulaglobal.upf.edu/mod/quiz/attempt.php?attempt=991159&cmid=754385 1/3 In fo rm ació P re g unta 1 N o s'h a r e sp os t e n ca ra P u ntu at s ob re 1 ,0 P re g unta 2 N o s'h a r e sp os t e n ca ra P u ntu at s ob re 1 ,0 In ic i / E ls m eu s c u rs os / C urs 2 020-2 021 / 3r T rim estr e / 2 020-2 0854-T 1 In for mation E con om ic s / Ge nera l / R eta ke E xa m Pro bl em 1. C on sid er a n a u ction wh ere t wo bid ders a re t r y in g t o buy a n ob je ct. B id der 1 's v a lu ation f or t h e ob je ct, d en ot ed b y v1 , a n d B id der 2 's v a lu ation , d en ot ed b y v2 , a re in d ep en d en tly d ra wn f r om a u nif or m d is tr ib ution on [x,y] , wh ere y > x ≥ 0 . V alu ation s a re p riv a te in for mation of t h e b id ders . T h e a u ction eer s e lls t h e ob je ct v ia a f ir s t- p ric e s e ale d -b id a u ction f or mat.A ssu m e B id der 2 u se s a lin ear b id din g s tr a te g y b 2= A + B v2 . W hat is t h e e xp ecte d p ayof f of B id der 1 wi th v a lu ation v1 wh o bid s b 1 a g ain st B id der 2 ? a. N on e of t h e ot her a n swe rs is c or re ct. b . u 1= b 1− A B − x y− x (v1− b 1) . c. u 1= b 1− A B (v1− b 1) . d . u 1= b 1− A B − x y− x v1− b 1 . Th e b est r e sp on se of B id der 1 t o th e lin ear s tr a te g y of B id der 2 is g iv e n b y a. b 1= v1 . b . b 1= 1 2 (A + xB + v1) . c. b 1= v1+ x 2 . d . b 1= y . 10/7/2021 Retake Exam (pàgina 1 de 4) https://aulaglobal.upf.edu/mod/quiz/attempt.php?attempt=991159&cmid=754385 2/3 Pre g unta 3 N o s'h a r e sp os t e n ca ra P u ntu at s ob re 1 ,0 P re g unta 4 N o s'h a r e sp os t e n ca ra P u ntu at s ob re 1 ,0 P re g unta 5 N o s'h a r e sp os t e n ca ra S en se q ualif ic a r In a s y m metr ic e q uilib riu m wh ere b ot h b id ders u se lin ear s tr a te g ie s, t h e b id din g s tr a te g y f or B id der i= 1,2 is a . b i= x+ vi 2 . b . b i= x+ vi 3 . c. b i= y− x+ vi 2 . d . N on e of t h e ot her a n swe rs is c or re ct. The auctioneer (the owner of the object) earns revenue from the winning bid. R egarding the expected revenue earned by the auctioneer, which of the following three statements is correct? 1. T h e e xp ecte d r e ve n ue in cre ase s if x in cre ase s. 2. The expected revenue increases if y increases. 3. T h e e xp ecte d r e ve n ue d oe s n ot d ep en d on y b ut d ep en d s on x . Non e of t h e t h re e s ta te m en ts is c or re ct.
S ta te m en ts 1 a n d 2 a re c or re ct.
S ta te m en ts 1 a n d 3 a re c or re ct.
S ta te m en t 3 is c or re ct. T y p e b elow or u p loa d on e p ag e e xp la in in g y ou r a n swe rs . M id a m àxi m a p er a ls n ou s f it xe rs , 5 00M B, a d ju nts m àxi m s: 1 Fi txe rs P od eu a rros se g ar i d eixa r a n ar f it xe rs a q uí p er a a fe g ir - los -h i. 10/7/2021 Retake Exam (pàgina 1 de 4) https://aulaglobal.upf.edu/mod/quiz/attempt.php?attempt=991159&cmid=754385 3/3 ◄ O nlin e C la ss L in k ( Z oom ) Salt a a ... S lid es C la ss 1 ►
