Game Theory Question Question 3 1 pts Consider the game discussed in the lecture

Question

Game Theory Question

Question 3 1 pts Consider the game discussed in the lecture on The Median Voter Theorem' and suppose that instead of 2 candidates there are 3 candidates (A,B, and C). Candidates still seek to maximize their individual share of the vote. There are 10 locations, each representing 10% of the vote and voters choose the candidate closest to their position, with ties divided equally Suppose that Candidate A believes that Candidates B and C take positions 5 and 6 (these are the only rationalizable strategies in the 2 player game) What is the best response set for candidate A, given this belief. (Aside: which candidate would win the election in each case?) ? BRA = {4,7} O BRA 14,5, 6,7)

Explanation / Answer

Median voter theoram states majority rule voting system will select the outcome most preferred by median voter. Best reponse for A is (4,5,6,7)

Related Questions

Navigate

• Browse (All)
• Browse G
• Subjects

---

---

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