Hi - I have to determine what is the best payoff for a dilemma where the following information is present:
1.) Pay off of a known amount is known if an agreement is reached between myself (A) and (B)
2.) The penalty amount associated with this agreement is unknown which is payable to (C)
3.) The probability of penalty happening is unknown as it is dependent on a party (C)
So to summarise, I know that if an agreement is reached with (B), I will receive a pay off of $1. But once the agreement is reached, C may impose a penalty of $x which is unknown but the probability of that happening is also unknown.
I would like a solution that uses Game Theory to determine what is the best outcome with the calculation steps shown.
A chat over Skype to work this through together is also an option if it is easier to do it together.
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hey there I can help you with your project as I have master degree in Economics and I have studied game theory
Hello there I have seen and read your project "Game theory solution required for dilemma" and I am very much interested to help. The skill guiding ,me to handle this work are : Mathematics, Algorithm, Econometri Plus
I can do this job perfectly because I have accounting academic background now doing MBA in finance. I'll try my best to give you 100%.so consider me for this task