Draw the extensive form of the game

Reference no: EM131332175

Tom, Dick, and Harry play the following game. At the first stage, Dick or Harry is chosen, each with probability 1 2 . If Dick has been chosen, he plays the Game A in Figure 5.36, with Tom as his opponent. If Harry has been chosen, he plays the Game B in Figure 5.36, with Tom as his opponent. Tom, however, does not know who his opponent is (and which of the two games is being played). The payoff to the player who is not chosen is 0.

Do the following:
(a) Draw the extensive form of the game.

(b) Write down strategic form of the game.

(d) Find an additional equilibrium in mixed strategies.

Reference no: EM131332175

Questions Cloud

Average of three month return for the stock price : Practice; create a macro to create the moving average of three month return for the stock price . Date Price Jan 100 Feb 110 Mar 115 Apr 140 May 120 Jun 132 Jul 124 Aug 120 Sep 115 Oct 132 Nov 143 Dec 128

Prepare an amortization schedule using excel : ACC3300- On December 31, 2016, Carson Company rendered services to Lincoln Corporation at an agreed price of $125,939. Prepare amortization schedule using excel. Use effective-interest method for amortization purposes.

Describe your own personal perspective of reform : Describe your own personal perspective of reform (Islah) and revivalism (ihya). In this essay, you must support and justify your outlook on the topic and mention how Islah /Ihya should begin and where it should start

What is the current yield on bond : Consider $1000 par value bond with a 7 percent annual coupon. The bond pays interest annually. There are 9 years remaining until maturity. What is the current yield on the bond assuming that the required return on the bond is 10 percent?

Draw the extensive form of the game : Draw the extensive form of the game.- Write down strategic form of the game.- Find two equilibria in pure strategies.

Heathrow airport in london : In the summer of 2008, at Heathrow airport in London, Bestofthebest (BB), a private company, offered a lottery to win a Ferrari or 108 comma 000British pounds, equivalent at the time to about $ 216 comma 000.

Yield on zero-coupon bonds : A young investment banker considers issuing a bond for ¥100 million. The interest or coupon is paid on year 1 and year 2. What should the interest paid in yen be? What about if the young investment banker considers issuing a bond $/yen dual-curren..

Stages and characteristics of romantic relationships : Create a case study, 250-500-words involving a fictitious couple experiencing the stages and characteristics of romantic relationships. Think of this case study as a "story" that you are telling about the process the couple goes through when build..

Find all the equilibria in the given three player game : Find all the equilibria in the following three-player game, in which Player I chooses a row (T or B), Player II chooses a column (L or R), and Player III chooses a matrix (W or E).

User Account

All Pages