Draw game in two standard forms, Macroeconomics

Assignment Help:

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.


Related Discussions:- Draw game in two standard forms

Find out reserve-deposit ratio and currency-deposit ratio , 1.  Assume the ...

1.  Assume the required reserve-deposit ratio is 12%, and the currency-deposit ratio is 38%. How much would money supply change if the Fed made open market purchases of $100 millio

International monetary systems: An historical overview, #question.Q8. In 19...

#question.Q8. In 1961, Germany faced the dilemma of an external surplus and a booming economy. As a result, speculative capital flowed into Germany and the Germans felt obliged to

How commercial banks create money, How commercial banks "create money" ...

How commercial banks "create money" Commercial banks obviously cannot influence the amount of currency in the economy or the monetary base, since they are not allowed to print

BANK, HOW CAN CENTRAL BANK INFLUENCE THE STABILITY OF THE BANKING SYSTEM?

HOW CAN CENTRAL BANK INFLUENCE THE STABILITY OF THE BANKING SYSTEM?

Explain the exchange rate system in western world, Explain the Exchange rat...

Explain the Exchange rate system in western world The most common exchange rate system in western world during previous century was the fixed exchange rate system. Up to 1930s,

GDP AND PRICE LEVEL IN SHORT RUN, #question.WHAT IS GDP AND DIFFERENT PRICE...

#question.WHAT IS GDP AND DIFFERENT PRICE LEVEL IN SHORT RUN?.

Concept of growth and growth rate, The Concept of Growth and Growth Rate is...

The Concept of Growth and Growth Rate is explained below: Economic growth is rise in an economy’s level of the production of commodities, output or income. We can talk about th

Microsoft and standard oil, In what major way do the Microsoft and Standard...

In what major way do the Microsoft and Standard Oil cases differ?

LM-curve in the AS-AD model, The LM-curve in the AS-AD model  ...

The LM-curve in the AS-AD model  The LM-curve will shift upwards (downward) when P is increases (decreases) in the AS-AD model is moved L

Write Your Message!

Captcha
Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd