3) (20 points) Consider the following voting problem: There are four alternatives A,B,C,D and five voters with the following rankings: Voter 1 Voter 2 Voter 3 Voter 4 Voter 5 A B C A B B D B D D C A A C C D C D B A The order of voting is such that, first A competes against B, next the winner competes with C, and finally the survivor competes with D to determine the final winner. (At each step winner is determined by the majorly rule.) Voters 1 and 2 are strategic voters and voters 3,4, and 5 are sincere voters. Voter 1 and 2 mistakenly think that all voters are strategic voters. Find the outcome of this voting game. Clearly indicate the vote of each voter in the first two rounds of votes.

A local college is deciding whether to conduct a campus beautification initiative that would involve various projects, such as planting trees and remodeling buildings, to make the campus more aesthetically pleasing. For the students of the college, the visual appearance of the campus isnonrival   andnonexcludable   . Thus, the visual appearance would be classified as a public good.   Suppose the college administrators estimate that the beautification initiative will cost $61,110. To decide whether the initiative should be undertaken, administrators conduct a survey of the college's 2,240 students, asking each of them their willingness to pay for the beautification project. The average willingness to pay, as revealed by the survey, is $20. The benefit of the beautification initiative, as suggested by the survey, is . Because the estimated benefit is    than the cost, the college administrators    undertake the beautification initiative.   The calculation of the benefit of…

How does rational ignorance discourage voting?

1.12. Consider a weighted voting method with 5 voters assigned weights17, 15, 14, 12, and 7, respectively, with a simple majority of the weightedvotes sufficient for victory. Explain why this method is in effect the(unweighted) simple majority method.

Two companies must collaborate to develop a new product. They must choose between two products, product A or product B. While Company ABC has a patent for product A, Company XYZ has a patent for product B. If a product gets developed, the company without a patent must pay licensing fees of $200K. The companies' profits (in $1000) are as follows: Table 2: Product Innovation ABC Product A Product B XYZ Product A Product B 300,100 0,0 1. What are the equilibria in pure strategies? 2. Which basic game does it resemble? 0,0 100,300

Static Game: Dynamic Game: US USA/Fiji No-Tax Tax Tax No Tax Tax (10000, -99989) (10100,-89990) (9900,-9989) (10000,10) Fiji Fiji No-Tax Tax No Tax Tax No Tax 10,000,10 9900,-9989 10,100,-89,990 Sub-game_1 10,000,-99,989 Sub-game_2 Sub-game_3 1. What is the subgame perfect Nash equilibrium of the dynamic game? How does it differ from the equilibrium of the static game?

Could you please explain why you divided the 250 votes by 2?

Suppose Walmart has announced plans to seek approval from the planning commission of a small town to build a new store. Develop alist of the main arguments, pro and con, that could be presented at a public hearing on the matter by members of each of these groups:   1. Owners of small businesses located nearby.2. Town residents, and residents of nearby towns.   How might a Walmart representative respond to the negative criticisms that might be brought up, and what other benefits could the representative offer the planning board to bolster Walmart’s case for gaining the board’s approval?

A gambling game requires people to place bets on either "Big" or "Small" or "Seven" designating the result of two dice throws. Big represents a sum of 8 to 12, while small is from 2 to 6. The special space "seven" is reserved for, of course, 7. Betting on "Big" provides a 1:1 betting win ratio amount. (Ex: Any bet amount of X, will net the winner another amount X, and still get his bet amount X back. ) Betting on "Small" also provides a 1:1 betting win ratio. The space "Seven" gives a 1:5 win ratio amount: Betting 100 money units on "Seven" and having a result of 7 nets the bettor 500 money units, and still have his 100 money units returned to him. If your bet does not appear, then the player loses his/her bet. What is the net Expected value of the strategy of betting 100 money units on "Big" ? Give your answer to two decimal places.

Solve it correctly please. My last attempt. Multiple votes will be done. Typed answer only..