Consider the network scheduling profit matrix. Can the Pareto Criterion help the

Question

Consider the network scheduling profit matrix. Can the Pareto Criterion help the networks settle on a single equilibrium? Explain The Pareto Criterion CA, cannot help the networks settle on a single equilibrium because no Nash Network 1 Wednesday Thursday equilibria is better for both networks B. can help the networks settle on a single equilibrium because one Nash O C. cannot help the networks settle on a single equilibrium because the O D. can help the networks settle on a single equilibrium because the networks 0 E. cannot help the networks settle on a single equilibrium because the 30 45 equilibrium has the highest joint payoffs Wednesday networks cannot communicate - 30 30 have dominant strategies Network 2 36 30 networks must schedule simultaneously. Thursday 36 30

Explanation / Answer

Given network 1 chioses on Wednesday, network 2 will choose thrusday to maximize its payoff. If network 1 chooses thrusday, network 2 will choose Wednesday. Given network chooses wednesday network 1 will choose thrusday. While given network 2 chooses thrusday network 1 will choose Wednesday. So there are two equilibrium (wednesday, thrusday) and ( thrusday, wednesday). There can be a single equilibrium as one Nash equilibrium has highest joint payoff.

Related Questions

Navigate

• Browse (All)
• Browse C
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.