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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.
- Spring '11