Write about a game that you play in your everyday life. Describe who the players are,...

 

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Write about a game that you play in your everyday life. Describe who the players are, what moves are available to them, what information they have when moving, and why the payoffs are what they are. You should draw out the game tree. How many strategies do the players have? What are they? Are there any pure strategy Nash equilibria (feel free to write out a strategic form too)? If so, does the game usually turn out that one of them was played? If so, which one? Why do you think this is the case? Write about a game that you play in your everyday life. Describe who the players are, what moves are available to them, what information they have when moving, and why the payoffs are what they are. You should draw out the game tree. How many strategies do the players have? What are they? Are there any pure strategy Nash equilibria (feel free to write out a strategic form too)? If so, does the game usually turn out that one of them was played? If so, which one? Why do you think this is the case?

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In my everyday life I often find myself engaged in a social game called Decision Making in Group Activities The players in this game are usually mysel... View the full answer