Lee and Cody are playing a game in which Lee has the first move at A in the decision tree shown below. Once Lee has chosen either aggression or cooperation, Cody, who can see what Lee has chosen, must choose either aggression or cooperation at B or C. Both players know the payoffs at the end of each branch. In the equilibrium of this game, Lee chooses ______, and then Cody chooses ______.
A)aggression; aggression
B)aggression; cooperation
C)cooperation; aggression
D)cooperation; cooperation

Question

Lee and Cody are playing a game in which Lee has the first move at A in the decision tree shown below. Once Lee has chosen either aggression or cooperation, Cody, who can see what Lee has chosen, must choose either aggression or cooperation at B or C. Both players know the payoffs at the end of each branch.  In the equilibrium of this game, Lee chooses ______, and then Cody chooses ______.
A)aggression; aggression 
B)aggression; cooperation 
C)cooperation; aggression 
D)cooperation; cooperation

Quizplus · Accepted Answer

The Answer of Lee and Cody are playing a game in which Lee has the first move at A in the decision tree shown below. Once Lee has chosen either aggression or cooperation, Cody, who can see what Lee has chosen, must choose either aggression or cooperation at B or C. Both players know the payoffs at the end of each branch.  In the equilibrium of this game, Lee chooses ______, and then Cody chooses ______.
A)aggression; aggression 
B)aggression; cooperation 
C)cooperation; aggression 
D)cooperation; cooperation

Lee and Cody Are Playing a Game in Which Lee