Describe the sequence of moves using an extensive form

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Question: Suppose a manager and worker interact as follows. The manager decides whether to hire or not hire the worker. If the manager does not hire the worker, then the game ends. When hired, the worker chooses to exert either high effort or low effort.

Observing the worker's effort, the manager chooses to retain or fire the worker. In this game, does. "Not hire" describe a strategy for the manager? Answer the following questions for the game between the manager and worker.

a. List the players of the game (who) and the actions that each player can take (what).

b. Describe the sequence of moves using an extensive form representation.

c. How many decision nodes and information sets does the game have?

d. List all the strategies for the manager.

e. List all the strategies for the worker.

Reference no: EM133214859

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