Identify the strategy sets of each player

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Reference no: EM131200378

Consider the following game: player 1 chooses from 1 of 3 actions (say X, Y, Z) and player 2 follows by choosing from 1 of 2 actions (say J and K), having witnessed player 1’s choice. Finally, player 1 chooses from 1 of 2 actions (say G and H). For this game, draw the extensive form (ignoring payoffs) and identify the strategy sets of each player. How do the strategy sets change if player 2 and player 1 simultaneously after seeing player 1’s first choice, as opposed to the sequential game outlined above?

Reference no: EM131200378

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