ECO 355 Game Theory I need a right answer of it. QUESTION 9 Player II Player A 6,3 2,6 B 4,3 8,1 Suppose that in the game above Player 2 plays strategy C with probability q-0.3. The value for El1(A,q) is: O a. 4.6 b. 3.2 O c. 8.3 O d. 3.9 Solution Suppose that in the game above Player 2 plays strategy C with probability q=0.3, the value for E(A,q) The Correct Answer is:- D:- 3.9 Reason:- Value E(A,q) = 6*0.3 + 3*0.7 = 3.9.

1. economic institutions? 8. According to Thomas Piketty, what is the single most important rule
that leads to the long-run dynamic of income and wealth distribution? 9. "Income inequality was
more serious in Europe than in the US in 1900-1910, as well as in 2000-2010."
True/False/Uncertain.
Solution
Q9) Answer: this is false.
Income inequality means the gap of income between different class of people (basically between
rich class and poor class) in a society. It appeared to be highest in Europe compare to the US in
1900-1910, because in Europe it was 45% compare to the US it was only 40%. But this scenario
changed during 2000-2010 when Europe had nearly 35% and the US became high as 47.5%.