Questions
Multiple dropdown selections
Consider the following abstract extensive-form game of two players, 1 and 2, each with two available moves. Select the right answers for the following: What move will player 1 make: [ Select ] A B What move will player 2 make: [ Select ] D C What is the equilibrium of the sub-game starting at node 2(a): 10, 0 What is the equilibrium of the sub-game starting at node 2(b): [ Select ] 4, 9 8, 6 What is the equilibrium of the game starting at node 1: [ Select ] -1, -2 10, 0 8, 6 4, 9
View Explanation
Verified Answer
Please login to view
Step-by-Step Analysis
To tackle this extensive-form game, I will examine each decision point and compare the resulting payoffs.
Option set for the first question (What move will player 1 make: A or B?):
- If Player 1 chooses A, the game proceeds to node 2(a). The subgame at 2(a) has two branches for Player 2: C or D. The provided equilibria indicate the outcome of the 2(a) subgame is (10, 0) when Player 2 chooses C over D, since C yields 0 for Player 2 which is higher than -2 from D, while Player 1 gets 10 in that outcome. Therefore, A leads to a higher payoff for Player 1 (10) than the alternative B would yield.
- If Player 1 chooses B, the game proceeds to node 2(b). The 2(b) subgame has branches C or D, ......Login to view full explanationLog in for full answers
We've collected over 50,000 authentic exam questions and detailed explanations from around the globe. Log in now and get instant access to the answers!
Similar Questions
Consider an extensive form game between two players, A and B, where Player A plays first and Player B plays last. Player A can choose between Up and Down, and Player B can choose between Left and Right. If the payoffs are represented using this tree, what is the subgame perfect Nash equilibrium?
Consider the following abstract game consisting of three players. The numbers in the nodes refer to the player number: Select the right answers for the following: What is the sub-game perfect equilibrium for sub-game 3: [ Select ] What is the sub-game perfect equilibrium for sub-game 2: [ Select ] What is the sub-game perfect equilibrium for the entire game: [ Select ]
Consider the following abstract extensive-form game of two players, 1 and 2, each with two available moves. Select the right answers for the following: What move will player 1 make: [ Select ] A B What move will player 2 make: [ Select ] D C What is the equilibrium of the sub-game starting at node 2(a): 10, 0 What is the equilibrium of the sub-game starting at node 2(b): [ Select ] 4, 9 8, 6 What is the equilibrium of the game starting at node 1: [ Select ] -1, -2 10, 0 8, 6 4, 9
Consider the following abstract extensive-form game of two players, 1 and 2, each with two available moves. Select the right answers for the following: What move will player 1 make: [ Select ] A B What move will player 2 make: [ Select ] D C What is the equilibrium of the sub-game starting at node 2(a): [ Select ] -1, -2 10, 0 What is the equilibrium of the sub-game starting at node 2(b): [ Select ] 4, 9 8, 6 What is the equilibrium of the game starting at node 1: [ Select ] -1, -2 10, 0 8, 6 4, 9
More Practical Tools for Students Powered by AI Study Helper
Making Your Study Simpler
Join us and instantly unlock extensive past papers & exclusive solutions to get a head start on your studies!