Consider the following game: В NAB 1,2 L M R А 3,4 1,1 0,3 1,0 2,2 0,1 C 0,2 3,1 4,3 D 1,3 3,1 0,0 Suppose players agree to observe a coin toss. If the result is "heads", they will play (A, L), if the result is "tails", they will play (C, R). What is the expected payoff to each player using this mechanism? (2,2) ( →¾³½³, 12). (3,3) 5 2 3' 5 7 (골, 골). 2

ENGR.ECONOMIC ANALYSIS
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Author:NEWNAN
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Chapter1: Making Economics Decisions
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Consider the following game:
В
NAB
1,2
L
M
R
А
3,4
1,1
0,3
1,0
2,2
0,1
C
0,2
3,1
4,3
D
1,3
3,1
0,0
Suppose players agree to observe a coin toss. If the result is "heads", they will play (A, L), if the
result is "tails", they will play (C, R). What is the expected payoff to each player using this
mechanism?
(2,2)
( →¾³½³, 12).
(3,3)
5 2
3' 5
7
(골, 골).
2
Transcribed Image Text:Consider the following game: В NAB 1,2 L M R А 3,4 1,1 0,3 1,0 2,2 0,1 C 0,2 3,1 4,3 D 1,3 3,1 0,0 Suppose players agree to observe a coin toss. If the result is "heads", they will play (A, L), if the result is "tails", they will play (C, R). What is the expected payoff to each player using this mechanism? (2,2) ( →¾³½³, 12). (3,3) 5 2 3' 5 7 (골, 골). 2
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