Construct the normal representation and the fully reduced normal representation of the game shown in Figure 1. 0 (0.5) (0.5) 1.r 1.s W1 X1 yı Z1 0,0 2.ti 2.t 0,4 a2 b2 a2 b2 Figure 1: Extensive-form game 2,-2 -2,2 -2,2 2,-2

Construct the normal representation and the fully reduced normal representation of the game shown in Figure 1. 0 (0.5) (0.5) 1.r 1.s W1 X1 yı Z1 0,0 2.ti 2.t 0,4 a2 b2 a2 b2 Figure 1: Extensive-form game 2,-2 -2,2 -2,2 2,-2

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

Construct the normal representation and the fully reduced normal representation
of the game shown in Figure 1.
0
(0.5)
(0.5)
1.r
1.s
W1
X1
y1
Z1
0,0
2.t
2.t
0,4
a2
b2
a2
b2
Figure 1: Extensive-form game
2,-2
-2,2
-2, 2
2,-2

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