Economics > QUESTIONS & ANSWERS > ECON (MGEC) 333 Game Theory and Strategy Final Examination Solutions with Answers 2005 (All)
ECON (MGEC) 333 Game Theory and Strategy Final Examination Solutions with Answers 2005
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A robber (R) has seen a potential victim and is trying to decide whether to attack (A) or pass (P). If he attacks, then the victim (V ) has to decide whether to Fight (F) or yield (Y ). If he does not... attack then both the robber and the victim receive a payo§ of zero. If he attacks and the victim yields the robber gets v dollars from the victim; if she resists, however, the robber can get only v=2 dollars and both pay the cost of Öght, which we assume to be equivalent to c dollars. [Assume that c > v=2 > 0]. Therefore, we have the following extensive form game. [Show More]
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