Login

Create Account
+14156709189
info@expertsmind.com
Submit Homework/Assignment
Get quote & make Payment
Get Solution
combination of sequential and simultanous game, Game Theory
To give Mom a day of rest, Dad Plans to take his two children, Bart and Cassie, on an outing on Sunday.Bart prefers to go to the amusement park (A), Whereas Cassie prefers to go to the science museum (s). Each child gets 3 units of utility from his/ her more preferred activity, and only 2 units of utility from his/her less preferred activity. Dad gets 2 units of utility for either of the two activities. to Choose their activity, Dad plans first to ask Bart for his preference, then to ask Cassie after she hears Bart''s choice. Each child can choose either the amusement park (A) or the science museum (s). If both children choose the same activity, then that is what they will all do. if the children choose diffeent activities, Dad will make a tiebreaking decision. As the parent, Dad has an additional option: he can choose the amusement park. the science museum or his personal favorite, the mountain hike (M). Bart and cassie each get 1 unit of utility from the mountain hike, and Dad gets 3 units of utility form the mountain hike. Because Dad wants his children to cooperte with one another, he gets 2 extra units of utility if the children choose the same activity (no matter which one of the two it is).
Draw the game tree, with payoffs, for this three person game.
Posted Date: 3/7/2013 12:01:32 PM  Location : Bangladesh
Ask an Expert
Related Discussions:
combination of sequential and simultanous game, Assignment Help, Ask Question on combination of sequential and simultanous game, Get Answer, Expert's Help, combination of sequential and simultanous game Discussions
Write discussion on combination of sequential and simultanous game
Your posts are moderated
Write your message here..
Related Questions
Nash equilibrium, A Nash equilibrium, named when John Nash, may be a set of...
A Nash equilibrium, named when John Nash, may be a set of methods, one for every player, such that no player has incentive to unilaterally amendment her action. Players are in equi
Case study in game theory  color coordination, Game 1 Color Coordination (...
Game 1 Color Coordination (with Delay) This game should be played twice, once without the delay tactic and once with it, to show the difference between out comes in the s
Classification of game theory, WHAT IS DYNAMIC GAME MODEL
WHAT IS DYNAMIC GAME MODEL
Game:claim a pile of dimes, GAME 1 Claim a Pile of Dimes Two players A...
GAME 1 Claim a Pile of Dimes Two players Aand B are chosen. The instructor places a dime on the table. Player A can say Stop or Pass. If Stop, then A gets the dime and the gam
Zero sum, A zero add game may be a special case of a continuing add game du...
A zero add game may be a special case of a continuing add game during which all outcomes involve a add of all player's payoffs of zero. Hence, a gain for one participant is usually
Formal rules for identification, Identification may be established either ...
Identification may be established either by the examination of the specification of the structural model, or by the examination of the reduced form of the model. Traditionally
Bid rigging, A practice analogous to price fixing in which auction members ...
A practice analogous to price fixing in which auction members form a ring whose associates agree not to bid against each other, either by discarding the auction or by placing phony
Bayes, Eighteenth century British mathematician who recognized a method for...
Eighteenth century British mathematician who recognized a method for probabilistic mathematical inference. His Bayes Theorem, published posthumously, treats probability as a logic.
Find the nash equilibria of game  bimatrix of strategies, Players 1 and 2 ...
Players 1 and 2 are bargaining over how to split one dollar. Both players simultaneously name shares they would like to keep s 1 and s 2 . Furthermore, players' choices have to be
Prisonersâ€™ dilemma game, The Prisonersâ€™ Dilemma Game The idea th...
The Prisonersâ€™ Dilemma Game The idea that tacit cooperation can be sustained in an ongoing relationship is very simple and students easily accept it. The formal analysis
Assignment Help
Accounting Assignment Help
Economics Assignment Help
Finance Assignment Help
Statistics Assignment Help
Physics Assignment Help
Chemistry Assignment Help
Math Assignment Help
Biology Assignment Help
English Assignment Help
Management Assignment Help
Engineering Assignment Help
Programming Assignment Help
Computer Science Assignment Help
IT Courses and Help
ExpertsMind Services
Online Tutoring
Projects Assistance
Exam Preparation
Coursework Help
Programming Courses
Engineering Courses
Why Us ?
~Experienced Tutors
~24x7 hrs Support
~Plagiarism Free
~Quality of Work
~Time on Delivery
~Privacy of Work