The Deer vs. Rabbit Game
2 hunters are going hunting to catch some meat for their...
The Deer vs. Rabbit Game
2 hunters are going hunting to catch some meat for their
evening meal. The hunting field consists of 2 rabbits and one deer.
However, to catch a deer requires that both hunters cooperate, and
they would split the value of the deer. A hunter acting alone can
catch a rabbit (an only one rabbit). Naturally, there is more meat
on the deer than the rabbit, so a deer is worth more than the
rabbit. Let’s arbitrarily assign a value to the deer of 10 and a
value to a rabbit of 4.
Your task is to construct a payoff matrix and find any
dominant strategies and any Nash outcomes.
Solutions
Expert Solution
The deer and rabbit game is simple 2 player game. We will use
the given information to create a payoff matrix and then solve for
the nash equilibrium. We will find that there is indeed no dominant
strategy in this game.
2. Wildlife biologists inspect 153 deer taken by hunters and
find 32 of them carrying Lyme disease ticks. a) Calculate the
standard error of the sample proportion.
b) Calculate the margin of error with confidence level of
98%.
c) Determine the 98% confidence interval for the proportion of
deer that carry Lyme disease ticks. Interpret.
d) If the scientists want to cut the margin of error, E in half,
calculate the number of deer that must be inspected? Consider the...
(15%). 2. Provide some basic statistics on the Wealth vs. Income
inequality in the U.S.
Which one is higher?
Better answers will start with explaining what the difference
between wealth and income inequality is,
then provide key statistics on where the U.S. on each of the
measures and how it compares to other countries,
and concluded with a few words of discussion what these numbers
mean.