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Which normal form game best represents split or steal? (Careful, these are very similar - check that the incorrect answers are definitely incorrect) O L R O O O T B T B T a B T B 10, 5, 10 20 20, 8,8 5 L R 10, 20, 10 0 0, 0,0 20 L R 0,0 20, 0 0, 10, 20 10 R 8,820, 5 00 5, 10, 20 10

Which normal form game best represents split or steal? (Careful, these are very similar - check that the incorrect answers are definitely incorrect) O L R O O O T B T B T a B T B 10, 5, 10 20 20, 8,8 5 L R 10, 20, 10 0 0, 0,0 20 L R 0,0 20, 0 0, 10, 20 10 R 8,820, 5 00 5, 10, 20 10

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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QUESTION 6 Which normal form game best represents split or steal? (Careful, these are very similar - check that the incorrect answers are definitely incorrect) L R O O IT B IT IT 10, 5, 10 20 IT 20, 8,8 15 B IL B 0, 20 IL R R 10, 20, 10 0 0,0 0,0 20, B 0, 10, 20 10 O 550 LR 8,820, 5 5, 10, 20 10
Transcribed Image Text:QUESTION 6 Which normal form game best represents split or steal? (Careful, these are very similar - check that the incorrect answers are definitely incorrect) L R O O IT B IT IT 10, 5, 10 20 IT 20, 8,8 15 B IL B 0, 20 IL R R 10, 20, 10 0 0,0 0,0 20, B 0, 10, 20 10 O 550 LR 8,820, 5 5, 10, 20 10
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