This is an assignment that focuses on the topic me myself and I in a Bayesian game scenario. The paper contains guidelines on how to write the paper.,Topic me myself and I in a Bayesian game scenario,Assignment 2: Me, myself and I.,2 page limit excluding references- No smaller than font10 and margins at least 1cm.,This assignment seeks to explore YOUR take on life and attempts to investigate how game theory can help with everyday choices. Â You wake up every morning and take hundreds of decisions until you fall asleep again that same night. First, find a problem in your own life that needs to be tackled strategically.,Â·Â Â Â Â Â Â Â Â Well-being: You are moving into a new flat and you need to decide whether to have a flat mate or not? Should I get a pet?,Construct an argument using an ,infinite bargaining model, or a Bayesian game.,How to model yourself:,1.Â Â Â Â Â Choose a scenario., a.Â Â Â Â Â TIP: Focus on the aspect of the scenario that either incurs a cost as time passes (i.e. discounting in bargaining) or that there is uncertainty about one of the players behaviour (i.e. imperfect information).,2.Â Â Â Â Â Research and answer the following questions:, a.Â Â Â Firstly, who are the main players? Â You and â€¦, b.Â Â Â Secondly, what are their possible actions?,3.Â Â Â Â Â Try to simplify the scenario so that it is as general as possible., a.Â Â Â Â Â Combine actions., b.Â Â Â Â Â How do they rank their outcomes? (e.g. preferences),4.Â Â Â Â Â Writing up:,a.Â Â Â Firstly, write a 400-500 word paragraph describing the scenario, what particular aspect you are analysing and why., i.Â Â Â Â Â JUSTIFY YOUR ASSUMPTIONS using data and research.,b.Â Â Â Secondly, model the scenario formally:, i.Â Â Â Â Â The description of the game (100-200 words), ii.Â Â Â Â Â Using a solution concept, find the solution of the game (100-200 words),c.Â Â Â Â Thirdly, write a brief conclusion (100-200 words) about your solution/ prediction. Is the prediction surprising or obvious?,Attachments,Click Here To Download,
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