Microeconomics II QED Alicante 20082009

1
Microeconomics IIQED Alicante 2008/2009

• Slides accompanying
• Lecture 15
• 23/2/2009

2
Game 1 (Beer or Quiche)
2, 0
3, 0
0, -1
1, 1
N
N
F
F
2
µQ
Q
Q
s
w
1
1
p
1-p
B
B
µB
2
F
N
F
N
1, -1
3, 0
0, 1
2, 0
3
Game 1 (Beer or Quiche)
2, 0
3, 0
0, -1
1, 1
N
N
F
F
2
µQ0
Q
Q
s
w
1
1
p
1-p
B
B
µB1
2
F
N
F
N
1, -1
3, 0
0, 1
2, 0
4
Game 1 (Beer or Quiche)
2, 0
3, 0
0, -1
1, 1
N
N
F
F
2
µQ0
Q
Q
s
w
1
1
p
1-p
B
B
µB1
2
F
N
F
N
1, -1
3, 0
0, 1
2, 0
5
Game 1 (Beer or Quiche)
2, 0
3, 0
0, -1
1, 1
N
N
F
F
2
µQ0
Q
Q
s
w
1
1
p
1-p
B
B
µB1
2
F
N
F
N
1, -1
3, 0
0, 1
2, 0
6
Game 1 (Beer or Quiche)
2, 0
3, 0
0, -1
1, 1
N
N
F
F
2
µQ0
Q
Q
s
w
1
1
p
1-p
B
B
µB1
2
F
N
F
N
1, -1
3, 0
0, 1
2, 0
7
Game 1 (Beer or Quiche)
2, 0
3, 0
0, -1
1, 1
N
N
F
F
2
µQ0
Q
Q
s
w
1
1
p
1-p
B
B
µB1
2
F
N
F
N
1, -1
3, 0
0, 1
2, 0
8
Game 1 (Beer or Quiche)
2, 0
3, 0
0, -1
1, 1
N
N
F
F
2
µQ0
Q
Q
s
w
1
1
p
1-p
B
B
µB1
2
F
N
F
N
1, -1
3, 0
0, 1
2, 0
9
Game 1 (Beer or Quiche)
2, 0
3, 0
0, -1
1, 1
N
N
F
F
2
µQ?
Q
Q
s
w
1
1
p
1-p
B
B
µBp
2
F
N
F
N
1, -1
3, 0
0, 1
2, 0
10
Game 1 (pgt1/2)
2, 0
3, 0
0, -1
1, 1
N
N
F
F
2
µQ?
Q
Q
s
w
1
1
p
1-p
B
B
µBp
2
F
N
F
N
1, -1
3, 0
0, 1
2, 0
11
Game 1 (pgt1/2)
2, 0
3, 0
0, -1
1, 1
N
N
F
F
2
µQ?
Q
Q
s
w
1
1
p
1-p
B
B
µBp
2
F
N
F
N
1, -1
3, 0
0, 1
2, 0
12
Game 1 (pgt1/2)
2, 0
3, 0
0, -1
1, 1
N
N
F
F
2
µQlt1/2
Q
Q
s
w
1
1
p
1-p
B
B
µBp
2
F
N
F
N
1, -1
3, 0
0, 1
2, 0