Unformatted text preview: the payo/s of the signaling game. Frogs like to kiss princesses and don&t like to be eaten. Frogs who are really princes especially like to kiss princesses (because then the frog turns into a prince). Frogs who are not really princes cannot say "prince" without ±rst taking costly lessons in elocution. Princesses like to eat frogs, but they prefer to kiss frogs who are really princes. Princesses don&t like to kiss frogs who are not princes. Payo/s consistent with these facts are shown below. (a) Find all pure-strategy equilibria (both separating and pooling). 1...
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- Spring '10
- Game Theory, Monarch, princess