1 . Why was it a mistake for Warner Brothers to wait until the filming of Analyz
ID: 1190985 • Letter: 1
Question
1. Why was it a mistake for Warner Brothers to wait until the filming of Analyze This was almost finished before negotiating with Tony Bennett to perform in the final scene?
2. Blackadder and Bladrick are rational, self-interested criminals imprisoned in separate cells in the dark, medieval dungeon. They face the prisoners dilemma displayed in the following matrix:
0 years for Baldrick
20 years for Blackadder
0 years for Blackadder
20 years for Baldrick
Assume that Blackadder is willing to pay $1000 for each year by which he can reduce his sentence below 20 years. A corrupt jailer tells Blackadder that before he decides whether to confess or deny the crime, she can tell him Baldrick's decision. How much is this information worth to Blackadder?
3. Newfoundland's fishing industry declined sharply in the early 1990s due to overfishing, even though fishing companies were suppsedly bound by a quota agreement. If all fishing companies had abidded by the agreement, yields could have been maintained at high levels.
a. Model this situation as a prisoner's dilemma in which the players are company A and company B and the strategies are to keep the quota and break the quota. Include appropriate payoffs in the matrix. Explain why overfishing is inevitable in the absence of effective enforcement of the quota agreement.
b. Provide another environment example of a prisoner's dilemma.
c. In many potential prisoner's dilemmas, a way out of the dilemma for a would-be cooperator is to make reliable character judgements about the truthworthiness of potential partners. Exlain why this solution is not available in many situations involving degrading of the environment.
Confess Deny Confess 5 years for each0 years for Baldrick
20 years for Blackadder
Deny0 years for Blackadder
20 years for Baldrick
1 year for eachExplanation / Answer
Following is the given pay-off matrix –
Blackadder
Confess
Deny
Baldrick
Confess
5 years each
0 years for Baldrick, 20 years for Blackadder
Deny
20 years for Baldrick, 0 years for Blackadder
1 year for each
It has been stated that Blackadder is willing to pay $1,000 for each year by which he can reduce his sentence below 20 years.
A corrupt jailor is ready to help him by conveying him the decision of Baldrick before Blackadder make his decision.
As pay-off matrix shows that if Baldrick chooses to confess and Blackadder gets this information before making his own decision then best option for Blackadder is to confess as well. In such case, he will get 5 years sentence otherwise 20 years.
In this scenario, Blackadder will pay jailor $15,000 as he is able to reduce his sentence by 15 years.
In case Baldrick chooses to deny and Blackadder gets this information before making his own decision then best option for Blackadder is to confess. In such case, he will get 0 years sentence otherwise 1 year.
In this scenario, Blackadder will pay jailor $20,000 as he is able to reduce his sentence by 20 years.
Thus, the information with respect to decision made by Baldrick worth $15,000 to Blackadder in case Baldrick confesses and worth $20,000 in case Baldrick denies.
Blackadder
Confess
Deny
Baldrick
Confess
5 years each
0 years for Baldrick, 20 years for Blackadder
Deny
20 years for Baldrick, 0 years for Blackadder
1 year for each
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