Final Paper Assignment The primary goal of your final assignment is to critically analyze the specific topic you have chosen regarding American national government. You have been preparing for this….
Consider a contestant on the legendary game show Let’s Make a Deal.
Consider a contestant on the legendary game show Let’s Make a Deal. There are three doors, and behind two doors is a booby prize (i.e., a prize of little value), while behind one door is a prize of considerable value, such as an automobile. The doors are labeled 1, 2, and 3. The strategic situation starts when, prior to the show, the host, Monty Hall, selects one of the three doors behind which to place the good prize. Then, during the show, a contestant selects one of the three doors. After its selection, Monty opens up one of the two doors not selected by the contestant. In opening up a door, a rule of the show is that Monty is prohibited from opening the door with the good prize. After Monty opens a door, the contestant is then given the opportunity to continue with the door originally selected or switch to the other unopened door. After the contestant’s decision, the remaining two doors are opened.
a. Write down an extensive form game of Let’s Make a Deal up to (but not including) the stage at which the contestant decides whether to maintain his original choice or switch to the other unopened door. Thus, you are to write down the extensive form for when (1) Monty Hall chooses the door behind which the good prize is placed; (2) the contestant chooses a door; and (3) Monty Hall chooses a door to open. You may exclude payoffs.
b. For the stage at which the contestant decides whether or not to switch, write down the contestant’s collection of information sets. In doing so, denote a node by a triple, such as 3/2/1, which describes the sequence of play leading up to that node. 3/2/1 would mean that Monty Hall put the good prize behind door 3, the contestant initially selected door 2, and Monty Hall opened door 1.