Two men run on the ski track to meet each other. Each has 2 strategies: give the opponent the wall or not. Those who lose the road lose 2 seconds, and if they collide, then both will unravel for 10 seconds. The loss of the participants is determined by the time lost. Suppose the 2nd runner has a better speed of reaction than the 1st. What type of the game is it?

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter8: Game Theory
Section: Chapter Questions
Problem 8.9P
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Explain Clearly.
Two men run on the ski track to meet each other. Each has 2
strategies: give the opponent the wall or not. Those who lose the
road lose 2 seconds, and if they collide, then both will unravel
for 10 seconds. The loss of the participants is determined by the
time lost. Suppose the 2nd runner has a better speed of reaction
than the 1st. What type of the game is it?
a) game in a normal form
b) game in extensive form with perfect information
c) game in extensive form with imperfect information
d) no correct answer
Transcribed Image Text:Two men run on the ski track to meet each other. Each has 2 strategies: give the opponent the wall or not. Those who lose the road lose 2 seconds, and if they collide, then both will unravel for 10 seconds. The loss of the participants is determined by the time lost. Suppose the 2nd runner has a better speed of reaction than the 1st. What type of the game is it? a) game in a normal form b) game in extensive form with perfect information c) game in extensive form with imperfect information d) no correct answer
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