Problem 77P

Argon in the amount of 1.5 kg fills a piston cylinder device at 550 kPa. The piston is now moved by changing the weights until the volume is twice its original size. During this process, argon’s temperature is maintained constant. Determine the final pressure in the device.

GAMES AND STRATEGIC BEHAVIOR ● repeated prisoner’s dilemma = confronts the same players not just once but many times ● cartel agreements are difficult to maintain ○ each cartel member has an incentive to undercut it’s competitor’s price in order to capture the entire market ● three basic elements of a game… ○ the payoffs each player receives ○ the strategies available to each player ○ the players ○ tit-for-tat = players cooperate on the first move and then mimic their partner’s last move on each successive move ■ effective at limiting defection in computer simulations but not real-world cartel agreements ○ dominant strategy = yields a higher payoff no ma