Service times M/G/1 General independent Poisson arrivals at rate λ Service time has arbitrary distribution with given E[X] and E[X2] – Service times are independent and identically
The vast majority of games of interest in economics, finance, political economy etc. involve some form of payoff uncertainty. A simple but interesting example is provided by auctions: an object is offered for sale, and individuals are required to submit their bids in sealed envelopes. The object is then allocated to the highest bidder at a price which depends on every bid, according to some prespecified rule (e.g. \first-price\ or \second-price\rule). In many circumstances (e.g. mineral rights auctions)it is reasonable to assume that the value
Eco514 Game Theory Problem Set 4: Due Tuesday, November 9 1. Machines Extend Proposition 151.1 (the Perfect Folk Theorem with discounting) to arbitrary mixtures of payoff profiles of the original game G =(, (A Ui) ) Allow for both rational and real weights on the set of profiles {u(a): a E A}; note that the statement of the result will involve an approximation of the payoff profile
相律 Phase Rules Phase diagrams are extremely useful for systems with multiple components, and serve to describe physical and chemical equilibria over range of different compositions, as well as points where substances are mutually miscible, or even when a system has to be brought to a specific set of conditions for equilbrium to exist(e.g., pressure