Outcome Father's Payoff Daughter's Payoff yes and stay home 8 3 yes and go to the mall no and stay home 4 1 no and go to the mall 1 maybe and stay home 7 2 maybe and go to the mall 2 7

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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Consider a two-player game in which a father chooses between actions yes, no, and maybe. His daughter moves second and chooses between stay home and go to the mall. The payoffs are as follows : (given)

Write down the extensive form game for this strategic situation.

Outcome
Father's Payoff
Daughter's Payoff
yes and stay home
8
3
yes and go to the mall
no and stay home
4
1
no and go to the mall
1
maybe and stay home
7
2
maybe and go to the mall
2
7
Transcribed Image Text:Outcome Father's Payoff Daughter's Payoff yes and stay home 8 3 yes and go to the mall no and stay home 4 1 no and go to the mall 1 maybe and stay home 7 2 maybe and go to the mall 2 7
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