The results are as followed, 70 percent of the people said yes it is for denise and 30 percent said it is not. For Frank 50 percent said yes it is, and 50 percent said that it is not. 1) Present the game results: Include the empirical results recorded in the lab (or use the results provided). Discuss any strategies you adopted or any issues you encountered in the experiment. 2) Solve the game: Represent the game as a matrix or game tree (appropriate to the game at hand) Solve the game according to the assumptions of game theory explain detailing how you did this. 3) Comparison: Compare the empirical results in 2) to your formal solution in 3); Is there any variation between them? Comment on potential reasons for any variation (or lack of variation).
The results are as followed, 70 percent of the people said yes it is for denise and 30 percent said it is not. For Frank 50 percent said yes it is, and 50 percent said that it is not. 1) Present the game results: Include the empirical results recorded in the lab (or use the results provided). Discuss any strategies you adopted or any issues you encountered in the experiment. 2) Solve the game: Represent the game as a matrix or game tree (appropriate to the game at hand) Solve the game according to the assumptions of game theory explain detailing how you did this. 3) Comparison: Compare the empirical results in 2) to your formal solution in 3); Is there any variation between them? Comment on potential reasons for any variation (or lack of variation).
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The results are as followed, 70 percent of the people said yes it is for denise and 30 percent said it is not. For Frank 50
percent said yes it is, and 50 percent said that it is not. 1) Present the game results: Include the empirical results recorded
in the lab (or use the results provided). Discuss any strategies you adopted or any issues you encountered in the
experiment. 2) Solve the game: Represent the game as a matrix or game tree (appropriate to the game at hand) Solve
the game according to the assumptions of game theory explain detailing how you did this. 3) Comparison: Compare the
empirical results in 2) to your formal solution in 3); Is there any variation between them? Comment on potential reasons
for any variation (or lack of variation).
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