Consider an extensive game with 3 players. Player 1 moves first and chooses an action, A or B. Player 2 observes this and then chooses an action herself. Her actions are C or D, regardless of the past history. Finally, player 3 observes the actions of players 1 and 2 before making his own choice. His possible actions are E or F if player 1 chose A, regardless of what player 2 chose. If player 1 chose B and player 2 chose C, then player 3's possible actions are G or H. If player 1 chose B and player 2 chose D, then player 3's possible actions are I or J. Draw the game tree (without payoffs). Which of the following is a strategy profile [strategies are discussed in the second recorded lecture]? Check all that apply. (A,D,F) is a strategy profile (A,D,EE) is a strategy profile (B,DD,FI) is a strategy profile None of the above.
Consider an extensive game with 3 players. Player 1 moves first and chooses an action, A or B. Player 2 observes this and then chooses an action herself. Her actions are C or D, regardless of the past history. Finally, player 3 observes the actions of players 1 and 2 before making his own choice. His possible actions are E or F if player 1 chose A, regardless of what player 2 chose. If player 1 chose B and player 2 chose C, then player 3's possible actions are G or H. If player 1 chose B and player 2 chose D, then player 3's possible actions are I or J. Draw the game tree (without payoffs). Which of the following is a strategy profile [strategies are discussed in the second recorded lecture]? Check all that apply. (A,D,F) is a strategy profile (A,D,EE) is a strategy profile (B,DD,FI) is a strategy profile None of the above.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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![Consider an extensive game with 3 players. Player 1 moves first and chooses an
action, A or B. Player 2 observes this and then chooses an action herself. Her actions
are C or D, regardless of the past history. Finally, player 3 observes the actions of
players 1 and 2 before making his own choice. His possible actions are E or F if
player 1 chose A, regardless of what player 2 chose. If player 1 chose B and player 2
chose C, then player 3's possible actions are G or H. If player 1 chose B and player 2
chose D, then player 3's possible actions are I or J.
Draw the game tree (without payoffs). Which of the following is a strategy profile
[strategies are discussed in the second recorded lecture]? Check all that apply.
(A,D,F) is a strategy profile
(A,D,EE) is a strategy profile
(B,DD,FI) is a strategy profile
None of the above.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc81c916e-8c9c-4585-98cf-019e4161dbdb%2F1f3c331e-dc0b-4128-bab5-79ca0611e25a%2F3w1xqa6_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Consider an extensive game with 3 players. Player 1 moves first and chooses an
action, A or B. Player 2 observes this and then chooses an action herself. Her actions
are C or D, regardless of the past history. Finally, player 3 observes the actions of
players 1 and 2 before making his own choice. His possible actions are E or F if
player 1 chose A, regardless of what player 2 chose. If player 1 chose B and player 2
chose C, then player 3's possible actions are G or H. If player 1 chose B and player 2
chose D, then player 3's possible actions are I or J.
Draw the game tree (without payoffs). Which of the following is a strategy profile
[strategies are discussed in the second recorded lecture]? Check all that apply.
(A,D,F) is a strategy profile
(A,D,EE) is a strategy profile
(B,DD,FI) is a strategy profile
None of the above.
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