Draw the extensive form of this game

Assignment Help Business Economics

Reference no: EM13997025

There are three players, labeled 1,2 and 3. At the start of the game, players 1 and 2 simultaneously choose between playing “A” and “B”. If they both choose “A” then the game ends and the payoffs are (1, 0, 0) (the order of payoffs is: player 1, 2 and 3). If they both choose “B” then the game ends and payoffs are (0, 1, 0). If one player chooses “A” while the other one chooses “B”, then player 3 must guess which player chose “A” (that is, player 3 must choose between “1” and “2”). Player 3 makes his 2 selection knowing only that the game did not end after the first stage. If player 3 guesses correctly, then he and the player who selected “A” each obtains a payoff of 2, and the player who selected “B” gets a payoff of 0. If player 3 guesses incorrectly, then everybody gets a payoff of 0. Draw the extensive form of this game.

Reference no: EM13997025

Questions Cloud

Should you take the cash over the health insurance : Suppose your employer offered you $4,000 in cash instead of health insurance coverage. Health insurance is excluded from state and federal income taxes (let's ignore Social Security and Medicare wage taxes for now). The cash would be subject to state..

What type of disciplinary actions would you take : Do you consider Newton a problem employee or would you consider this a problem situation? Explain your response. What type of disciplinary actions, if any, would you take against Newton

Higher than the canadian inflation rate : If the inflation rate in the United States rises to a point that it is higher than the Canadian inflation rate, all else equal, predict the impact on: 1. the U.S. demand for Canadian dollars? 2. the supply of Canadian dollars? 3. the equilibrium valu..

Coding proficiency : Coding proficiency, DRY (don't repeat yourself) methodology, commenting, knowledgeCross Browser CompatibilityMulti-device (desktop/phone) Compatibility & Accuracy

Draw the extensive form of this game : There are three players, labeled 1,2 and 3. At the start of the game, players 1 and 2 simultaneously choose between playing “A” and “B”. If they both choose “A” then the game ends and the payoffs are (1, 0, 0) If player 3 guesses correctly, then he a..

Have law enforcement capabilities been hindered or improved : Have law enforcement capabilities been hindered or improved because of the implementation of U.S. fusion centers? Explain. From the law enforcement perspective, how do you think policing has changed over the past decade because of the terrorist thre..

Why it was important to the decision process : Identify a capital budgeting decision that you are familiar with - how was the final decision made? What relevant factors were considered during the decision process? Were any important factors omitted from the decision process?

User Account

All Pages