Microeconomics 2nd Edition by Douglas Bernheim

تمرين 3

Make the same assumptions about Thelma and Louise as in Calculus Problem 1, with the following exception: Thelma, as the social leader, chooses T and announces her choice to Louise. (Thelma cannot change her mind after declaring her intention.) Then Louise chooses L. Solve this game by reasoning in reverse. Do Thelma and Louise spend more or less time socializing than when they make their decisions at the same time Provide an intuitive explanation for your answer.