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# Game Theory, Extensive form, bank run

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No idea how to start this game tree?
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Bank run game...here's the info:

2 players: each deposits \$100
The bank invests this \$200
2 dates at which investors can withdraw:
Date 1: investment does not reach maturity
Date 2: investment does mature
At each date, both investors simualtaneously decide whether or not to withdraw their funds. If both investors make withdrawals at date 1, then each investor receives \$75 and the game ends. If only one investor makes a withdrawal at date 1, that that investor receives \$100, the other receives \$50 and the game ends. Finally, if neither investor makes a withdrawal at date 1, then the project matures and the investors make (simultaneous) withdrawal decisions at date 2. If both investors make withdrawals at date 2, then each receives \$150 and the game ends. If only one investor makes a withdrawal at date 2 then that investor receives \$200, the other receives \$100, and the game ends. Finally if neither investor makes a withdrawal at date 2 then the bank returns \$150 to each investor and the game ends

(1) Draw the extensive-form game tree that represents this game.

(2) Give the strategy set for each player.

(3) What are the subgame-perfect equilibria of this game?

https://brainmass.com/economics/general-equilibrium/game-theory-extensive-form-bank-run-74151

#### Solution Summary

What are the subgame-perfect equilibria of this game?

\$2.19

## Essay: Dye's Key Sectors of Power

Hello! I need help with the following:

Within the attached articles select an elite figure from any of Dye's twelve key sectors of power. Utilizing a minimum of three outside sources 1050-1400 wd that addresses the following points:

1.What is the basis of the selected figure's power? Is it derived from wealth, influence over information distribution, immediate access to policymakers, or any combination of the above?

2.What strategies does the selected elite figure use to maintain status and influence? Networking with other elites, business practices, direct political participation?

3.Provide specific examples of how the selected elite figure has influenced public policy. What were the obstacles? How were they overcome?

4.Does your selected elite figure provide an apt example of social mobility? Is the individual a self-made mogul, or was his or her power largely inherited?

5.Do the activities of the elite you selected support how elitist theorists explain wealth and power in America?

6.Assess whether or not the power wielded by the selected elite figure positively or negatively represents your interests.

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