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12:34 PM Sat Oct 23 100% TON + 1. (Harder) Jack's utility function is given by u(x, y1, y2) = V1/2 + xy, - y?
12:34 PM Sat Oct 23 100% TON + 1. (Harder) Jack's utility function is given by u(x, y1, y2) = V1/2 + xy, - y? - Bobby's utility function is given by u(y1, y2) = -()1 - y2)2. The game is played in the following manner. First, Jack selects a number x 2 0. Then, simultaneously and independently, Jack and Bobby select numbers y1 and yz respectively. Find the backward induction outcome of the game. 1 - V
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