1. Solve problems 3 (10 pts), 9 (only last four statements, 10 pts), 11 (only
the statement about the senators, 10 pts), and 13 (15 pts) in Chapter 2
of Clark, et. al.
2. Solve problem 2 (15 pts) & 4 (25 pts) in Chapter 3 of Clark, et. al.
3. Consider the extensive form game below. (10 pts)
(a) What are the strategies of each of the three players?
(b) What are the subgame perfect equilibria of the game?
P1
P2
(3,4,1)
C
(1,3,3)
D
(1,2,1)
E
A
P2
(6,1,1)
F
P3
(6,0,1)
I
(2,2,2)
H
G
B
4. Consider the extensive form game below. (10 pts)
(a) What are the subgame perfect equilibria of the game?
Indriði H. Indriðason Fall 2017
POSC015: Comparative Politics Problem Set I
P1
P2
(3,4,1)
C
(1,3,3)
D
(1,2,1)
E
A
P2
(6,2,1)
F
P3
(6,0,1)
I
(2,3,2)
H
G
B
5. Find the Nash equilibria of the games. (5 pts. each) [Note on best
replies: If the best reply is not unique then all the actions that result in
the highest payo are best replies.]
(a)
Candidate 2
L R
Candidate 1 U 0, 0 1, 1
D 1, 1 0, 0
(b)
Candidate 2
L R
Candidate 1 U 0, 0 100, 100
D 1, 1 0, 0
(c)
Candidate 2
L R
Candidate 1 U 1, 1 1, 1
D 1, 1 1, 1
explain how you arrive at your solution
2.Company ethical issues
Are you especially loyal to any one brand? If so, what is it and why are you so loyal? When successfully building loyalty and community, trust seems to be the biggest factor. How can a company
build trust and what is the best approach to do so (incorporating concepts from both the field of marketing and psychology)? What are the ethical issues and obligations that come with trust once it
is built? Should consumers trust companies? Why or why not? Do you think some consumers are just more prone to be loyal to companies and other consumers are not? Why or why not?
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