Question
Take the following situations and model them as a game. Make sure that the payoffs you write down match the description of the situation, and
Take the following situations and model them as a game. Make sure that the payoffs you write down match the description of the situation, and be creative in places where the description is vague. Your answer for each part should consist of a game tree (with information sets properly labeled). You do not have to find the equilibria of these games (just draw the game trees
1) The important distinction of a "simultaneous move" game is that neither player gets to observe the other player's action when making their choice. Draw the game tree for the (simultaneous move) Prisoners' Dilemma.
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