23 Jul DETERMINE THE PURE STRATEGY NASH EQUILIBRIA.
You are working on an assembly line with N workers (in- cluding yourself). The assembly line produce Show more You are working on an assembly line with N workers (in- cluding yourself). The assembly line produces a product that is either high quality or low quality. For every high quality product each worker on the the assembly line re- ceives $10. For every low quality product each worker on the assembly line receives $5. Each worker can decide whether to put in high effort (which costs them $3) or low effort (which costs them nothing). The assembly line produces a high quality product if at least k individuals exert high effort. a) Suppose you are the only person in the assembly line (and k = 1) what will you do?b) Suppose there are N = 2 people in the assembly line and k = 2 write out the game in the normal form tell me what game this is and determine the Nash equilibria. c) Suppose there are N = 2 people in the assembly line and k = 1 write out the game in the normal form tell me what game this is and determine the Nash equilibria. d) Suppose there are N = 10 people in the assembly line and k = 10. Determine the pure strategy Nash equilibria. e) Suppose there are N = 10 people in the assembly line and k = 9. Determine the pure strategy Nash equilibria. Show less
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