CMSC 477/677 - Spring 2007
Problem Set 1



Due Tuesday, March 27

  1. (10 points) Wooldridge, Exercise 6.1, page 127.

  2. (60 points) Wooldridge, Exercise 6.2, page 127.

  3. (30 points) Create your own three-player game, such that there are at least two Nash equilibria. Identify the Nash equilibria, and explain (in words, intuitively) why there are two equilibria. If you can't find any such game, present a reasonable explanation of why you think it's hard to do.