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3- Consider the following game with nature: 6, 8 X X' - 3, 3 2 L H M NO (p (q) 4 Y High A,
3- Consider the following game with nature: 6, 8 X X' - 3, 3 2 L H M NO (p (q) 4 Y High A, (1/2) Y 10, 7 O 5, 0 X Low (1/2) X' 3, 0 (1 -p) (1 - q); L' IL M' 4, 6 Y Y' 8, 4 I Does this game have any separating perfect Bayesian equilibrium? Show your analysis and, if there is such an equilibrium, report it (only one is required). |
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