hw5 - & prior to playing matching penny, the two...

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ECON 401: Assignment 5 due date: October 31, 2011 (a) An asymmetric strict preference satis&es negatively transitivity; X and an acyclic strictly preference where c ( ± ; ) . 3. Describe the following game in an extensive-form game tree. ² matching penny version E: there are two players, 1 and 2;
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Unformatted text preview: & prior to playing matching penny, the two players ²ip a fair coin to decide whether they should play version A or version B. & after the coin ²ipping, player 2 (without observing the result of the coin ²ipping) can decide to end the game immediately with payo/ of 0 for both players, or to continue playing the game. & if player 2 chooses to continue, players observe the result of the coin toss, and the game proceeds as before. 1...
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This note was uploaded on 02/09/2012 for the course ECON 401 taught by Professor Siyang during the Spring '11 term at Rice.

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