Lecture10 - 2/17/2009 Grading Policy You have two weeks...

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2/17/2009 1 Grading Policy ± You have two weeks after homework is handed back to seek a grading correction ± Please check the C-Tools gradebook to make Please check the C Tools gradebook to make sure we have no recording errors Simultaneous/Sequential Mix Up ± We might wish to model situations involving both sequential and simultaneous moves ± We can combine the concepts of Nash Equilibrium with Rollback to analyze such games ± Consider a somewhat complex relationship between a wife and husband… Wife and Husband Husband Cooperate Argue Wife Cooperate 3 , 3 * , 4 Argue 4 , * * , * Wife 5 1 divorce suffer Second Stage Second Stage Second Stage Husband 5 suffer divorce 1 Husband Forgive Affair Wife Forgive 4 , 4 1 , 5 Affair 5 , 1 2 , 2 Wife and Husband Husband Cooperate Argue Wife Cooperate 3 , 3 * , 4 Argue 4 , * * , * Wife 5 1 divorce suffer Second Stage Second Stage Second Stage Husband 5 suffer divorce 1 Husband Forgive Affair Wife Forgive 4 , 4 1 , 5 Affair 5 , 1 2 , 2 Simultaneous to Sequential ± Sometimes it is advantageous to turn a simultaneous move game into a sequential move game…by moving first Prisoner’s Dilemma Clyde Barrow Mum Fink Bonnie Parker Mum 2 , 2 0 , 3
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This note was uploaded on 03/13/2009 for the course ECON 398 taught by Professor Emre during the Spring '07 term at University of Michigan.

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Lecture10 - 2/17/2009 Grading Policy You have two weeks...

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