
ATG: negotiations and auctions
Authored by Pijus Krūminas
Social Studies
University
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7 questions
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1.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the key implications of alternate bargaining model?
It's worth being patient
The closer utility discount rate is to 1, the smaller the first mover advantage
The closer utility discount rate is to 0, the smaller the first mover advantage
Being patient low payoffs
2.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
What is a maxi-min strategy?
Minimizing maximum value
Maximizing maximum value
Minimizing minimum value
Maximizing minimum value
3.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the cases would be a Nash equilibrium?
Abate; Abate
Abate; Pollute
Pollute; Abate
Polulte; Pollute
4.
MULTIPLE CHOICE QUESTION
30 sec • 1 pt
Which of the cases would be a maxi-min equilibrium?
Abate; Abate
Abate; Pollute
Pollute; Abate
Polulte; Pollute
5.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are some limitations of Nash and maxi-min equilibria?
The have low foresight (1 move only)
They are unrealistic
They require both players pursue similar approach to decision making
They cannot account for non-cooperation
6.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
What are the benefits of replaying a game?
Possibility to change change actions based on mixed-strategy equilibrium
New solutions may emerge
The context can change changing the payoffs
None of the mentioned options
7.
MULTIPLE SELECT QUESTION
45 sec • 1 pt
When do we consider an action a good auction?
The buyer with highest valuation gets the object
A bidder's profit is maximized
The seller's valuation is lower than a buyer's valuation
The seller's profit is maximized
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