A wife and her husband choose to go to Bach or Stravinsky concert. Wife has incomplete information about personality of her husband: is he romantic or cold. P(R) = P(C) = On the other hand, personality of wife is unique and known by husband HUSBAND HUSBAND B S В B в 3,2 0,0 в 3,0 0,3 S 0,0 2,3 S 0,2 2,0 WİFE WİFE P(R) = P(C) = 3 QUESTİON: FİND BEST RESPONSE FUNCTİON OF HUSBAND AND WİFE ?

ENGR.ECONOMIC ANALYSIS
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ISBN:9780190931919
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Chapter1: Making Economics Decisions
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THİS İS A GAME THEORY QUESTİON AND ALL İNFORMATİON İS ENOUGH
A wife and her husband choose to go to Bach or Stravinsky concert. Wife has incomplete information
about personality of her husband: is he romantic or cold. P(R) =
P(C) = On the other hand,
personality of wife is unique and known by husband
HUSBAND
HUSBAND
S
В |3,2
0,0
B 3,0
0,3
S 0,0
2,3
S
0,2
2,0
WİFE
WİFE
P(R) =
P(C)
QUESTİON: FİND BEST RESPONSE FUNCTİON OF HUSBAND AND WİFE ?
Transcribed Image Text:THİS İS A GAME THEORY QUESTİON AND ALL İNFORMATİON İS ENOUGH A wife and her husband choose to go to Bach or Stravinsky concert. Wife has incomplete information about personality of her husband: is he romantic or cold. P(R) = P(C) = On the other hand, personality of wife is unique and known by husband HUSBAND HUSBAND S В |3,2 0,0 B 3,0 0,3 S 0,0 2,3 S 0,2 2,0 WİFE WİFE P(R) = P(C) QUESTİON: FİND BEST RESPONSE FUNCTİON OF HUSBAND AND WİFE ?
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