A selfless person approaches Jones and Smith with a \$100 bill and offers to sell it to the highest bidder, but the winning and losing bidders must pay her their bids. So if Jones bid \$2 and Smith bids \$1 they pay a total of \$3, but Jones gets the money, l

A selfless person approaches Jones and Smith with a \$100 bill and offers to sell it to the highest bidder, but the winning and losing bidders must pay her their bids. So if Jones bid \$2 and Smith bids \$1 they pay a total of \$3, but Jones gets the money, leaving him with a net gain of \$98 and Smith with -\$1. If both bid the same amount, the \$100is split evenly between them. Assume that each of them has only tow \$1 bills on hand, leaving three possible bids: \$0, \$1 or \$2. Write out the payoff matrix for this game and then find its Nash equilibrium.

How to place an order?

Take a few steps to place an order on our site:

• Fill out the form and state the deadline.
• Calculate the price of your order and pay for it with your credit card.
• When the order is placed, we select a suitable writer to complete it based on your requirements.
• Stay in contact with the writer and discuss vital details of research.
• Download a preview of the research paper. Satisfied with the outcome? Press “Approve.”

Feel secure when using our service

It's important for every customer to feel safe. Thus, at The Homework Writings, we take care of your security.

Financial security You can safely pay for your order using secure payment systems.
Personal security Any personal information about our customers is private. No other person can get access to it.
Academic security To deliver no-plagiarism samples, we use a specially-designed software to check every finished paper.
Web security This website is protected from illegal breaks. We constantly update our privacy management.

Get assistance with placing your order. Clarify any questions about our services. Contact our support team. They are available 24\7.

Still thinking about where to hire experienced authors and how to boost your grades? Place your order on our website and get help with any paper you need. We’ll meet your expectations.