Question
1) Name of Game: 2) Present the game results: Include the empirical results recorded in the lab (or use the results provided). Discuss any strategies
1) Name of Game: 2) Present the game results: Include the empirical results recorded in the lab (or use the results provided). Discuss any strategies you adopted or any issues you encountered in the experiment. 3) Solve the game: Represent the game as a matrix or game tree (appropriate to the game at hand) Solve the game according to the assumptions of game theory explain detailing how you did this. 4) Comparison: Compare the empirical results in 2) to your formal solution in 3); Is there any variation between them? Comment on potential reasons for any variation (or lack of variation).
Question 2 and Selected Results; Investment Game You will be put into groups of two and assigned as either a red player ( ) or a green player ( ). You will both simultaneously decide whether to invest or not. Your return on investment depends on the decision taken by the other player as shown in the matrix below. Please notice the additional description on your mobile device Start Invest Do not invest 10 Invest 10 0 Do not invest 8 5 5 Note, the extra text simply included the country you and your partner were to invest in (Germany or Greece). Coordination game: Investments restart game Based on cabbook Experiencing Economics You will be put into groups of two a as either a red player ( ) or a green player ( i ). You will both simul ously decide whether to invest or not. Your return on investment sion taken by the other player as shown in the matrix below. Please notice the additional description on your mobile device. Invest Do not invest 10 42.9% Invest 42.9% 42.9% 14.3% 14.3% Do not invest 28.6% 14.3% 5 You and your partner are investors in Germany. You and your partner are investors in Greece
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