Question

Consider the following game of divide the dollar. There is a dollar to be split between two players. Player 1 can make any offer to player 2 in increments of 25 cents; that is, player 1 can make offers of 0 cents, 25 cents, 50 cents, 75 cents, and $1. An offer is the amount of the original dollar that player 1 would like player 2 to have. After player 2 gets an offer, she has the option of either accepting or rejecting the offer. If she accepts, she gets the offered amount and player 1 keeps the remainder. If she rejects, neither player gets anything. Represent the game in extensive form using a game tree. Note that here you must assign payoffs appropriately at the terminal nodes.

Answer #1

Consider the original divide the dollar game of question (3).
How many strategies does player 1 have? How many strategies does
player 2 have? Write down all the strategies of player 1, and two
strategies of player 2. Explain briefly (in a line or two) why you
wrote the strategies of player 2 in the way you wrote them.
Question 3-Consider the following game of divide the dollar.
There is a dollar to be split between two players. Player 1...

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Then Beth makes an offer how to share them, which Ann can accept or
reject. If Ann accepts, the bills are divided accordingly and if
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Two players, A and B, have $1 to divide between them. They agree
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first day, A will make an offer, B either accepts or comes backs
with a counteroffer the next day, and on the third day A gets to
make one final offer if he rejected the offer of B on day 2. Both A...

Consider the following market entry game. There are two firms :
firm 1 is an incumbent monopolist on a given market. Firm 2 wishes
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enjoys a monopoly profit of 2 and firm 2 earns 0 profit. If firm 2
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Consider the following group project example. Three students
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Consider a dynamic game of “The Office or Parks and Rec”. There
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Suppose that player 1 announces her choice first then player 2
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which normally sells at €9 (Euros) per unit. Normal production
volume is 10,000 ounces per month, and the maximum capacity is
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Abigail (Player 1) and Joseph (Player 2) have decided to
dissolve a business partnership whose assets have been valued at
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division is implemented, or Reject, in which case the case goes to
litigation. Litigating involves a cost of $20,000 in legal fees for
each partner. If the case goes to...

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