Beta Alpha Carnat Betra Argula Dussel Oceania

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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The countries of Oceania and Eurasia are at war.5 As depicted in the figure, Oceania has four cities—Argula, Betra, Carnat, and Dussel—and it is concerned that one of them is to be bombed by Eurasia. The bombers could come from either base Alpha, which can reach the cities of Argula and Betra; or from base Beta, which can reach either Carnat or Dussel. Eurasia decides which one of these four cities to attack. Oceania doesn’t know which one has been selected, but does observe the base from which the bombers are flying. After making that observation, Oceania decides which one (and only one) of its four cities to evacuate. Assign a payoff of 2 to Oceania if it succeeds in evacuating the city that is to be bombed and a payoff of 1 otherwise. Assign Eurasia a payoff of 1 if the city it bombs was not evacuated and a zero payoff otherwise. Write down the extensive form game.

Beta
Alpha
Carnat
Betra
Argula
Dussel
Oceania
Transcribed Image Text:Beta Alpha Carnat Betra Argula Dussel Oceania
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