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BUY NOWStudents are preparing for the ECON223 exam, and the following tree represents the game between the Lecturer and the Students: Introduction to game theory in economics Assignment, UC, NZ
University | University Of Canterbury (UC) |
---|---|
Subject | ECON223 Introduction to game theory in economics |
- Students are preparing for the ECON223 exam, and the following tree represents the game between the Lecturer and the Students. Write down the strategic form of the game. Take the Lecturer as the column player and the Students as the row player
2. Write down the extensive form of the game below. For P1, the strategies you see below are not the names of the strategies. Rather, it is the combination of strategies for P1 acting at different nodes. (3 marks).
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