Question 1 Consider the following games in extensive form. The final payoffs have been omitted. For each game, whose move, if any, does player 3 observe? Game 1 B D U Game 2 D L (0,0) (1,1) A Question 2 Give the normal form representation and the reduced normal form representation of this extensive form game. B B (1,2) D (3,1) D 23/ E

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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Question 1
Consider the following games in extensive form. The final payoffs have been omitted. For each game,
whose move, if any, does player 3 observe?
Game 1
B
D
Game 2
2
L
R
(0,0)
Question 2
Give the normal form representation and the reduced normal form representation of this extensive form
game.
1
(1,1)
A
B
B
(1,2)
C
(3,1)
D
D
E
Transcribed Image Text:Question 1 Consider the following games in extensive form. The final payoffs have been omitted. For each game, whose move, if any, does player 3 observe? Game 1 B D Game 2 2 L R (0,0) Question 2 Give the normal form representation and the reduced normal form representation of this extensive form game. 1 (1,1) A B B (1,2) C (3,1) D D E
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