Chap15-supp - Chapter 15 Supplement Chapter 15 Supplement...

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Unformatted text preview: Chapter 15 Supplement Chapter 15 Supplement Steven J. Haider EC201 Spring 2010 Red card / black card Red card / black card Both parties get two playing cards, a red and black nly color matters Only color matters Each party chooses one of the two cards to play, holding it up to chest Hide the actual color chosen! Just show that a specific card has been chosen The cards are revealed for two players and earnings re determined as follows are determined as follows Red: give self $2 Black: give opponent $3 Actual money will be paid out! EC201-15-p2 Red card / black card play Red card / black card play Red: give self $2 Black: give opponent $3 9:10 play is 1s and 10:20 play is 2s Round As play Bs play As payoff Bs payoff 1-1 Red Red 2 2 1-2 Red Red 2 2 1-3 Red Red 2 2 1-4 Red Black 5- lack lack 2 1 Black Black 3 3 2-2 Red Black 5- lack lack EC201-15-p3 2 3 Black Black 3 3 2-4 Red Black 5 Game theoretic analysis Game theoretic analysis...
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This note was uploaded on 11/11/2011 for the course EC 201 taught by Professor Haider during the Spring '10 term at Michigan State University.

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Chap15-supp - Chapter 15 Supplement Chapter 15 Supplement...

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