Question
Alice and Bob are deciding where to order the food for lunch. Alice chooses whether going to Burger King or McDonald. Bob chooses whether having
Alice and Bob are deciding where to order the food for lunch. Alice chooses whether going to Burger King or McDonald. Bob chooses whether having a cheese burger or a chicken sandwich. Alice's preference ranking is Burger King cheese burger McDonald Chicken sandwich McDonald cheese burger Burger King chicken sandwich Bob's preference ranking is Burger King chicken sandwich McDonald cheese burger Burger King cheese burger McDonald Chicken sandwich a) Assume Bob choosing what food to have after observing Alice's choice of restaurant. Write a complete extensive form game ( you need to assign and specify payoff/utility of each outcome according to their preference) b) Assume Bob and Alice making choice simultaneously. How is the extensive form going be different?
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