Business, 30.03.2021 02:30 gracekerleyy

In the classic film Mary Poppins, the Banks children are players in a strategic game with a number of different nannies. In their view of the world, nannies are inherently harsh, and playing tricks on nannies is great fun. That is, they view themselves as playing a game in which the nanny moves first, showing herself to be either Harsh or Nice, and the children move second, choosing to be either Good or Mischievous. The nanny prefers to have Good children to take care of but is also inherently harsh, and so she gets her highest payoff of 4 from (Harsh, Good) and her lowest payoff of 1 from (Nice, Mischievous), with (Nice, Good) yielding 3 and (Harsh, Mischievous) yielding 2. The children similarly most prefer to have a Nice nanny and then to be Mischievous; they get their highest two payoffs when the nanny is Nice (4 if Mischievous, 3 if Good) and their lowest two payoffs when the nanny is Harsh (2 if Mischievous, 1 if Good). Draw the game tree for this game and find

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