Homework Help is Here – Start Your Trial Now!
Business
Economics
need this in words not handwritten rewrite it

need this in words not handwritten rewrite it

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
See similar textbooks
icon
Related questions
Question

i need this in words

not handwritten

rewrite it

Jame: Purry incest 2.4 -0.1 0.4 Equilibrium in the simultaneous (Pilly Not incest, Smisk incest) Now Sequential move game where Pilly incest Smirck incest Not inuest invest Smirck Not Not inwest 4.9, 0 5,0 move game Pilly Not incest is тоше mowe first incest, incest incest Y 204 4.9 3 S -0.1 0.4 Equilibrium in the sequential game is ( Pilly incest, Smirck Not incest, Smirck incest)
Transcribed Image Text:Jame: Purry incest 2.4 -0.1 0.4 Equilibrium in the simultaneous (Pilly Not incest, Smisk incest) Now Sequential move game where Pilly incest Smirck incest Not inuest invest Smirck Not Not inwest 4.9, 0 5,0 move game Pilly Not incest is тоше mowe first incest, incest incest Y 204 4.9 3 S -0.1 0.4 Equilibrium in the sequential game is ( Pilly incest, Smirck Not incest, Smirck incest)
that is filly will choose inult By moving and Smirck's optimal move defends on the mow oy Justification: Since the game has Perfect in formation, & we can find out The Nash using the Backward induction So Solving for Smirck who is Last mour in this game, Smirck Chooses Not in west when Pilly Chooses invest and Smirck Chooses incul Not invest at first incest when Pilly chooses decision No de. Now gluen tro Best Reelonces of "Not incest" for (1 Smirck, Pilly culll will Choose Pay off 4.9 > 3. Therefore Pilly win choose Smirck. Not incest oy 8 Pilly. first wow in west followed by
Transcribed Image Text:that is filly will choose inult By moving and Smirck's optimal move defends on the mow oy Justification: Since the game has Perfect in formation, & we can find out The Nash using the Backward induction So Solving for Smirck who is Last mour in this game, Smirck Chooses Not in west when Pilly Chooses invest and Smirck Chooses incul Not invest at first incest when Pilly chooses decision No de. Now gluen tro Best Reelonces of "Not incest" for (1 Smirck, Pilly culll will Choose Pay off 4.9 > 3. Therefore Pilly win choose Smirck. Not incest oy 8 Pilly. first wow in west followed by
Expert Solution
steps

Step by step

Solved in 2 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Monopoly
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.
Recommended textbooks for you
ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
Economics
ISBN:
9780190931919
Author:
NEWNAN
Publisher:
Oxford University Press
Principles of Economics (12th Edition)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
Engineering Economy (17th Edition)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
Principles of Economics (MindTap Course List)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
Managerial Economics: A Problem Solving Approach
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
Managerial Economics & Business Strategy (Mcgraw-…
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS