Question
Two people enter a bus. Two adjacent cramped seats are
free. Each person must decide whether to sit or stand. Sitting alone is more comfortable than sitting next to the other person, which is more comfortable than standing. Suppose that each person cares only about her own comfort. Model the situation as a strategic game. Find its Nash equilibrium (equilibria?).Solution
There exist only one pure strategy Nash equilibrium (sit, sit) and the argument is same as that of Prisoner’s Dilemma discussed in theory.
Which of the following establishments is covered under the Payment of Wages Act, 1936?
I. Factories
II. Plantations
III. Educational Institutions
In the context of Minimum support Price, consider the following Statements:
1. Value of unpaid family labour is not factored in while computing...
Consider the following statements about the United Nations Permanent Forum on Indigenous Issues (UNPFII)Â
- It is a high-...
What is the primary role of ribosomal RNA (rRNA) in protein synthesis?
If 'A > B' means 'A + B', 'A < B' means 'A X B', 'A ≥ B' means 'A - B' and 'A ≤ B' means 'A ÷ B', then what is the value of the expression '45 < 35...
The principle that suggests recording expenses only when they are realized, and income only when they are certain, is known as:
Ashok Mehta committee is related to?
In the Liberal Democracy index India has been placed at which position?
Which of the following is not a fundamental accounting principle?
How are current liabilities used in financial analysis?
