Home / Expert Answers / Economics / sarah-and-mike-are-negotiating-over-a-pizza-the-negotiation-happens-at-12-20-12-30-12-40-and-12-pa688

(Solved): Sarah and Mike are negotiating over a Pizza. The negotiation happens at 12:20, 12:30, 12:40, and 12: ...



Sarah and Mike are negotiating over a Pizza. The negotiation happens at 12:20, 12:30, 12:40, and 12:50. At 12:20 and 12:40 Sarah makes an offer and Mike can either accept it or reject it. At 12:30 and 12:50 Mike makes an offer and Sarah can either accept it or reject it. If the offer is accepted, the negotiation will stop and the pizza will be divided as the accepted offer. Assume that the value of the pizza is decreasing as time passes and the values are 200 at 12:20, 160 at 12:30, 120 at 12:40. And 80 at 12:50. If they cannot make an agreement by 12:50, both will get 0.



We have an Answer from Expert

View Expert Answer

Expert Answer


We have an Answer from Expert

Buy This Answer $5

Place Order

We Provide Services Across The Globe