1. The following are two versions of Battle of Sexes: (a) A couple may go to...
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1. The following are two versions of Battle of Sexes: (a) A couple may go to the opera or to football. Each person will decide individually. If they both go to football, her payoff is 1, and his is 3; if they both go to opera, her payoff is 3, and his is 1; if she goes to opera and he goes to football, they both get 2; if she goes to football and he goes to opera, they both get 0. Represent this situation as a simultaneous-move game in normal form, determine the best responses of both players and find all their dominant strategies. . (b) In the same situation as before, suppose that if they both go to football, her payoff is 2 and his is 3; if they both go to opera, her payoff is 3, and his is 2; if she goes to opera and he goes to football, they both get 1; if she goes to football and he goes to opera, they both get 0. Rewrite the game in normal form, determine the best responses of both players and find all their dominant strategies. 1. The following are two versions of Battle of Sexes: (a) A couple may go to the opera or to football. Each person will decide individually. If they both go to football, her payoff is 1, and his is 3; if they both go to opera, her payoff is 3, and his is 1; if she goes to opera and he goes to football, they both get 2; if she goes to football and he goes to opera, they both get 0. Represent this situation as a simultaneous-move game in normal form, determine the best responses of both players and find all their dominant strategies. . (b) In the same situation as before, suppose that if they both go to football, her payoff is 2 and his is 3; if they both go to opera, her payoff is 3, and his is 2; if she goes to opera and he goes to football, they both get 1; if she goes to football and he goes to opera, they both get 0. Rewrite the game in normal form, determine the best responses of both players and find all their dominant strategies.
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SOLUTION a The game in normal form Player 1 wife has two options opera or football Player 2 husband has two options opera or football Payoffs If both ... View the full answer
Related Book For
Microeconomics An Intuitive Approach with Calculus
ISBN: 978-0538453257
1st edition
Authors: Thomas Nechyba
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