In the following 3-player sequential game, the order of the players changes with Ann's decision. An A1 O (0, 2.0) O (2.1.-3) O (1.2.-1) A2 The equilibrium is (0,4,-4) O (-1.6-5) Bett Cindy B1 B2 Cindy Cindy Beth Beth C4 C5 B3 B4 B5 B6 020 10-1 2-20 32-2 -165 044 12.1 213
In the following 3-player sequential game, the order of the players changes with Ann's decision. An A1 O (0, 2.0) O (2.1.-3) O (1.2.-1) A2 The equilibrium is (0,4,-4) O (-1.6-5) Bett Cindy B1 B2 Cindy Cindy Beth Beth C4 C5 B3 B4 B5 B6 020 10-1 2-20 32-2 -165 044 12.1 213
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:In the following 3-player sequential game, the order of the players changes with Ann's decision.
An
A1
O (0.2.0)
A2
The equilibrium is
(2.1.-3)
O (1.2-1)
(0.4,-4)
O (-1.6,-5)
Bett
Cind
B1
B2
C1
C2
Cindy
Cindy
Beth
Beth
C4
C5
06
B3
B4
B5
B6
020
10-1
2-20
32-2
-16-5
44
12-1
213
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