Represent this game in the extensive form

Assignment Help Mechanical Engineering

Reference no: EM131245816

Consider the following strategic setting. There are three people: Amy, Bart, and Chris. Amy and Bart have hats. These three people are arranged in a room so that Bart can see everything that Amy does, Chris can see everything that Bart does, but the players can see nothing else. In particular, Chris cannot see what Amy does. First, Amy chooses either to put her hat on her head (abbreviated by H) or on the floor (F). After observing Amy's move, Bart chooses between putting his hat on his head or on the floor. If Bart puts his hat on his head, the game ends and everyone gets a payoff of 0. If Bart puts his hat on the floor, then Chris must guess whether Amy's hat is on her head by saying either "yes" or "no." This ends the game. If Chris guesses correctly, then he gets a payoff of 1 and Amy gets a payoff of -1. If he guesses incorrectly, then these payoffs are reversed. Bart's payoff is 0, regardless of what happens. Represent this game in the extensive form (draw the game tree).

Reference no: EM131245816

Questions Cloud

Draw the extensive form for the following game : In this case, the attorney general does not observe which firm selected the high price (or if both firms selected the high price).

Evaluate the effectiveness of officer stone efforts : Evaluate the effectiveness of Officer Stone's efforts. Analyze and discuss a key area of strength and weakness in his approach. Identify any fundamental legal issues that Officer Stone may encounter related to how he handled this situation and his..

Verify that delta is correct by changing the stock price : Verify that delta is correct by changing the stock price to $30.1 and recomputing the option price. - Verify that gamma is correct by recomputing the delta for the situation where the stock price is $30.1.

Represent this game in the extensive form : Represent this game in the extensive form. Also discuss the relevance of the order of play (which of the players has the move at the initial node) in the extensive form.

Represent this game in the extensive form : This ends the game. If Chris guesses correctly, then he gets a payoff of 1 and Amy gets a payoff of -1. If he guesses incorrectly, then these payoffs are reversed. Bart's payoff is 0, regardless of what happens. Represent this game in the extensiv..

Should more attention be given to this issue : What is bullying? Why is it underreported? Is there a link between bullying and criminal behavior? Can bullying be prevented; how? Should more attention be given to this issue? Why or why not? How has bullying evolved? Has social media played a r..

Calculate the number of periods you have been offered : Calculating the Number of Periods You've been offered an investment that will pay you 9 percent per year. If you invest $15,000, how long until you have $30,000?

Which employers are subject to affirmative action laws : Define affirmative action. Which employers are subject to affirmative action laws? What potential effect does affirmative action have on employees and workplace? Please provide examples for your response to each question.

What are the different methods used in detecting breaches : Discuss some of the criminal intelligence tactics used by business to thwart security issues within an institution. What are the different methods used in detecting breaches in security through intelligence?

User Account

All Pages