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examples of paragraph or two identifying a situation in your environment that fits the description of a static Bayesian game . In your description: Identify
examples of paragraph or two identifying a situation in your environment that fits the description of a static Bayesian game. In your description:
- Identify and describe players, states, types, signals, actions, beliefs, and payoffs.
- Describe how players interacted in the situation.
- In your opinion, were players rational, i.e., did they make choices that can be consistent with the predictions of the Nash equilibrium in your game? Explain as clearly as possible.
- In your opinion, how would players act if the game was not static Bayesian? Elaborate as clearly as possible.
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