Draw game in two standard forms, Macroeconomics

Consider the following game [payoffs are in the form: (Ann, Bob, Carol)]:

2243_Tree 1.png

a) List each player's actions and strategies.

b) If Ann "buys" Carol's position in the game (i.e., she moves for Carol and collects Carol's payoffs in addition to her own), what are her new strategies?

c) The game is represented above in what form? Represent the new game in the normal (strategic) form.

d) If Ann cannot observe Bob's actions, draw this game in the two standard forms.

Posted Date: 3/9/2013 4:34:44 AM | Location : United States







Related Discussions:- Draw game in two standard forms, Assignment Help, Ask Question on Draw game in two standard forms, Get Answer, Expert's Help, Draw game in two standard forms Discussions

Write discussion on Draw game in two standard forms
Your posts are moderated
Related Questions
Classify each of the following as employed, unemployed, or not in the labor force. a. Beth is not working; she applied for a job at Wal-Mart last week and is awaiting the result

Note that it's changes in prices during 2008 that matter for the high real interest rate (time period when your deposit is earning interest). This means that you can never know how

A firm sells its product in a perfectly competitive market where other firm charges a price of $90 per unit. The firm's total costs are C(Q) = 50 + 10Q + 2Q2. How much output shoul

Let kids denote the number of children ever born to a woman, and let educ denote years of education for the woman. A simple model relating fertility to years of education is kids =

Recognize which of the following purchases is counted as a part of NI: a) Tata motors purchases tire from Good year to equip latest Indica. b) Tata motors purchases tires fr

The demand for nominal balances rises with the price level. At the similar time inflation causes the real demand for money to fall. Describe how these two assertions can be both co

Flossy has a quasi-linear utility function, 16q1^0.5 + q2. The price of good 1 is fixed at one. Thus, Flossy's budget constraint is q1 + p2q2 =Y, where Y denotes income. 6.1 Compu

Stocks and Flows   When studying economics, one must be sure whether the variable being studied is a stock variable or a flow variable. Failure to do so can cause faulty economi

Q. What do you mean by multiplier effect? Loans and deposits in banks give rise to a significant multiplier effect. We use a simple instance to explain this effect. Consider th