2) There is a British TV game show called Golden Balls. Two participants go through different...

 

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2) There is a British TV game show called Golden Balls. Two participants go through different games and end up with an amount v. In the final round the players can choose between two options, Split or Steal. If both players choose split, the amount v is divided equally between them. If one player chooses split, while the other chooses steal the player who choose steal gets the entire amount v. If both players choose steal, they end up with nothing. They are allowed to communicate before arriving at their decision. a) Write down this game on strategic form (disregard the communication part) using players strategies and payoffs. b) Watch the following video http://www.youtube.com/watch?v-S0qjK3TWZES. Describe intuitively the strategy employed of the gentleman in the brown shirt. If the two contestants who were up next watched this show, do you think the same strategy would have worked again? 2) There is a British TV game show called Golden Balls. Two participants go through different games and end up with an amount v. In the final round the players can choose between two options, Split or Steal. If both players choose split, the amount v is divided equally between them. If one player chooses split, while the other chooses steal the player who choose steal gets the entire amount v. If both players choose steal, they end up with nothing. They are allowed to communicate before arriving at their decision. a) Write down this game on strategic form (disregard the communication part) using players strategies and payoffs. b) Watch the following video http://www.youtube.com/watch?v-S0qjK3TWZES. Describe intuitively the strategy employed of the gentleman in the brown shirt. If the two contestants who were up next watched this show, do you think the same strategy would have worked again?

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a N 12 S5 Split steal Payoff Table Player I Split Steal ... View the full answer