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You are to construct a relevant game tree for the year 2023 Screen Actors Guild and American Federation of Television and Radio Artists strike based
You are to construct a relevant game tree for the year 2023 Screen Actors Guild and American Federation of Television and Radio Artists strike based on the 'ultimatum game'. You will need to identify the two players and make explicit your assumptions, with the following instructions in mind: 1. Specify who is player 1(the proposer) and who is player 2 (the responder) for these two parties in a game tree. 2. Think of this as a sequentially played game with three rounds in total over time. - Each strategy has an associated payoff. - In this game you will need to work out what the associated numerical (hypothetical) payoffs are. Use payoff integer values of O to 10. - Provide reasons for the payoff values you assign and what they symbolise. -Explain in words the game and each specific outcome you come across. 3. In you analysis, discuss the role of power and preferences amongst the players and how this affect your allocation, including a scrutiny of fairness in resolution
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