{"id":132177,"date":"2023-08-20T01:36:06","date_gmt":"2023-08-20T01:36:06","guid":{"rendered":"https:\/\/assignmenttutors.net\/blog\/there-are-three-major-network-affiliate-television-stations-in\/"},"modified":"2023-08-20T01:36:06","modified_gmt":"2023-08-20T01:36:06","slug":"there-are-three-major-network-affiliate-television-stations-in","status":"publish","type":"post","link":"https:\/\/assignmenttutors.net\/blog\/there-are-three-major-network-affiliate-television-stations-in\/","title":{"rendered":"There are three major network affiliate television stations in"},"content":{"rendered":"<div>\n<p><span>Problem 2\u00a0<\/span><br \/><span>There are three major network affiliate television stations in Hicksville: RBC, CBC and MBC. All three\u00a0<\/span><br \/><span>stations have the option of airing the evening network-news program live at 6:00 pm or in a delayed\u00a0<\/span><br \/><span>broadcast at 7:00 pm. By regulation, they may not choose other times. Each station\u2019s objective is to\u00a0<\/span><br \/><span>maximize its viewing audience, in order to maximize the station\u2019s advertising revenue. The table below\u00a0<\/span><br \/><span>gives the percentage of Hicksville\u2019s total population \u201ccaptured\u201d by each station as a function of the time\u00a0<\/span><br \/><span>at which each news program is shown. The numbers do not sum to 100 since not everyone always\u00a0<\/span><br \/><span>watches TV.\u00a0<\/span><\/p>\n<p><span>Times Chosen Audience Capture\u00a0<\/span><br \/><span>MBC RBC CBC MBC RBC CBC\u00a0<\/span><br \/><span>6:00 pm 6:00 pm 6:00 pm 32 14 24\u00a0<\/span><br \/><span>6:00 pm 6:00 pm 7:00 pm 27 8 30\u00a0<\/span><br \/><span>6:00 pm 7:00 pm 6:00 pm 24 30 16\u00a0<\/span><br \/><span>6:00 pm 7:00 pm 7:00 pm 50 13 12\u00a0<\/span><br \/><span>7:00 pm 6:00 pm 6:00 pm 30 16 24\u00a0<\/span><br \/><span>7:00 pm 6:00 pm 7:00 pm 24 30 16\u00a0<\/span><br \/><span>7:00 pm 7:00 pm 6:00 pm 14 30 23\u00a0<\/span><br \/><span>7:00 pm 7:00 pm 7:00 pm 32 14 24\u00a0<\/span><\/p>\n<p><span>1) Suppose that the choices of all three stations are made simultaneously. Find the Nash\u00a0<\/span><br \/><span>equilibrium(s). (Hint: Try to set this up so it looks more like a normal form game. To do this for\u00a0<\/span><br \/><span>three players, use two 2*2 matrices: let MBC choose the matrix, RBC the row and CBC the\u00a0<\/span><br \/><span>column).\u00a0<\/span><\/p>\n<p><span>2) Suppose now that the game is played sequentially. MBC moves first. RBC moves second and\u00a0<\/span><br \/><span>CBC moves third. Each station can observe all previous moves before making her choice. Explain\u00a0<\/span><br \/><span>what will happen.\u00a0<\/span><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Problem 2\u00a0There are three major network affiliate television stations in Hicksville: RBC, CBC and MBC. All three\u00a0stations have the option of airing the evening network-news program live at 6:00 pm or in a delayed\u00a0broadcast at 7:00 pm. By regulation, they may not choose other times. Each station\u2019s objective is to\u00a0maximize its viewing audience, in order [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[16],"tags":[],"class_list":["post-132177","post","type-post","status-publish","format-standard","hentry","category-education"],"_links":{"self":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/132177","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/comments?post=132177"}],"version-history":[{"count":0,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/posts\/132177\/revisions"}],"wp:attachment":[{"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/media?parent=132177"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/categories?post=132177"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/assignmenttutors.net\/blog\/wp-json\/wp\/v2\/tags?post=132177"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}