1answer.
Ask question
Login Signup
Ask question
All categories
  • English
  • Mathematics
  • Social Studies
  • Business
  • History
  • Health
  • Geography
  • Biology
  • Physics
  • Chemistry
  • Computers and Technology
  • Arts
  • World Languages
  • Spanish
  • French
  • German
  • Advanced Placement (AP)
  • SAT
  • Medicine
  • Law
  • Engineering
bija089 [108]
3 years ago
15

Write down this game in extensive form (HINT: this game is commonly called the centipede game because its game tree resembles a

centipede). How many information sets does each player have? How many strategies does each player have?
Social Studies
1 answer:
Lelechka [254]3 years ago
3 0

Answer:

Explanation:

In game theory, the game of centipede (or centipede), first introduced by Rosenthal in 1981, is an extended form game in which two players take turns choosing between taking a payoff, which grows as it does not you choose to acquire it, and thus end the game, or pass the choice to another player.

The payoffs are however arranged in such a way that if one passes the choice to the opponent and the opponent chooses the payoff in his turn, the player who had passed receives a slightly lower payoff than he would have taken if he had finished the game in his round.

The only perfect Nash balance in the subgames (and every Nash balance) of this game indicates that player 1 should take the payoff in the first game round and leave player 2 with his mouth dry; however, by testing the game empirically, few players do, and as a result they get a higher payoff than expected in the balance analysis.

These results show how a game's solutions represented by the perfect Nash equilibrium in subgames and the Nash equilibrium cannot predict how people play in some circumstances.

The game of centipede is commonly used in introductory courses in game theory to highlight the concept of backward induction and the iterated elimination of dominated strategies, which constitute

You might be interested in
Why did the colonists declare independence from England?
Drupady [299]
They wanted to be there own nation, not England’s
7 0
3 years ago
When if first enter World War II why did the US commit 70% of its resources to the war in Europe
den301095 [7]
Didn't they use the money to help their other Allie Britan?
7 0
3 years ago
Why is the lawmaking function of Congress central to democracy?
lbvjy [14]

The answer is: because it is the means by which public will becomes public policy.

Members of the congress are elected by the citizens in order to carried out their aspiration to the lawmaking process.

The citizens cannot force their will to the government and directly vote for the law that must be passed by the government. BUT , they can elect a congress who has similar goals, value, principles as them and trust that congress to make the best possible decision for them.

Because of this, we can say that the lawmaking function of congress is an important means to make public will to become public policy.

8 0
3 years ago
What is justinians favorite sport
Vlada [557]
Hmmmmm yea ask another cause i need more info 
7 0
3 years ago
What is the main purpose of the United States Constitution?
KonstantinChe [14]

Answer:

To create "the law"

Explanation:

5 0
3 years ago
Other questions:
  • If a packing slip shows a shortage, the a/p department should...
    15·2 answers
  • What is one of the driest and hottest regions of the earth
    5·1 answer
  • Juanita is a graduate student studying male prisoners. she carefully considers how her gender, age, and education may affect the
    10·1 answer
  • A public opinion poll was administered to 50 people before the election of president barack obama. polls taken before election n
    8·2 answers
  • Johnny is a 4-year-old youngster who is having lunch with his mother and sister. when his mother pours the milk that is left in
    10·1 answer
  • In carl rogers's theory, our perception of our abilities, traits, and characteristics is known as ________.
    8·1 answer
  • 1. What is the widower effect?
    10·1 answer
  • Um...I...honestly gave up on life so...I'm going to unfriend like all the people who aren't close to me....
    14·2 answers
  • At a recent multidisciplinary psychology conference, a leading researcher spoke on using the multidimensional risk perspective t
    8·1 answer
  • Did leonardo dicaprio gain weight for dont look up
    14·2 answers
Add answer
Login
Not registered? Fast signup
Signup
Login Signup
Ask question!