Question

Lori employs Max. She wants him to work hard rather than to loaf. She considers offering him a bonus or not giving him one. All else the same, Max prefers to loaf.


If they choose actions simultaneously, what are their strategies? Why does this game have a different type of equilibrium than the game in question2.7?


$1.99
Sales0
Views104
Comments0
  • CreatedNovember 13, 2014
  • Files Included
Post your question
5000