Consider the following modification to the popular rock-paper-scissor game: • Rock beats scissor • Rock also beats paper

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Consider The Following Modification To The Popular Rock Paper Scissor Game Rock Beats Scissor Rock Also Beats Paper 1 (80.63 KiB) Viewed 49 times

Consider the following modification to the popular rock-paper-scissor game: • Rock beats scissor • Rock also beats paper • Scissors beats paper Two players, Ginny and Albus are playing this modified rock-paper-scissors game. They both choose their move simultaneously on the count of 3. Winner of this game will get 20 Taka from the loser. When a lottery is tie, no money is exchanged. The actions of this game are R, P or S and the utility is winning money (+20) or losing money (-20) or nothing (0). Winning of one player means losing of another. For example if in a particular pick up, Ginny gets rock and Albus gets paper, then the utility pair for that action pair is (20,-20). Now answer the following questions. 1. [1 mark] Is this an extensive form game or a normal form game? 2. [5 marks] Write down the action sets for Ginny and Albus. Hence, find out the action profile. 3. [5 marks] Write down this game in table form, also know as matrix form. 4. [4 marks] Find the best response of Ginny given Albus to is going to pick