Hobby hunter Jack decides what to do the next weekend. He can either stay at home and watch movies (Movies), or call his friend Katherine to go hunting (Hunt). If he stays in, both Jack and Katherine get a payoff of 2. If he decides to hunt, he knows the situation with his friend will resemble a classic stag hunt game with simultaneous moves: Hunting a stag is better than hunting a rabbit, but it only works if they cooperate. The hunting subgame is captured as: Katherine Stag Rabbit Jack Stag 3 , 3 0 , 1 Rabbit 1 , 0 1 , 1 Draw the entire game as an extensive form (game tree), capturing both Jack’s initial decision (M or H) and the subsequent hunting game. Make sure to correctly label all players, actions, and information sets.
Hello, please help me to solve this
Hobby hunter Jack decides what to do the next weekend. He can either stay at home and watch movies (Movies), or call his friend Katherine to go hunting (Hunt). If he stays in, both Jack and Katherine get a payoff of 2. If he decides to hunt, he knows the situation with his friend will resemble a classic stag hunt game with simultaneous moves: Hunting a stag is better than hunting a rabbit, but it only works if they cooperate.
The hunting subgame is captured as:
| Katherine | |||
| Stag | Rabbit | ||
| Jack | Stag | 3 , 3 | 0 , 1 |
| Rabbit | 1 , 0 | 1 , 1 |
Draw the entire game as an extensive form (game tree), capturing both Jack’s initial decision (M or H) and the subsequent hunting game. Make sure to correctly label all players, actions, and information sets.
Step by step
Solved in 3 steps with 1 images
