Your professor is considering not holding class after National Cheeseburger Day (September 18th). Students simultaneously consider whether to attend class, given that they do not know the professor's intentions either way. Draw an extensive form representation of this scenario and then indicate what more is needed to make predictions about behavior.
Your professor is considering not holding class after National Cheeseburger Day (September 18th). Students simultaneously consider whether to attend class, given that they do not know the professor's intentions either way. Draw an extensive form representation of this scenario and then indicate what more is needed to make predictions about behavior.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:Your professor is considering not holding class after National Cheeseburger Day (September
18th). Students simultaneously consider whether to attend class, given that they do not know
the professor's intentions either way. Draw an extensive form representation of this scenario
and then indicate what more is needed to make predictions about behavior.
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