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3. For the following described games, draw them and solve for the NE and SPNE. Suppose we limit the payoff function for player 1 is
3. For the following described games, draw them and solve for the NE and SPNE. Suppose we limit the payoff function for player 1 is w(m;) = m,, where m, is the money player 1 keeps. The payoff function for player 2 is u(m2) = mo, where ms is the amount of money player 2 receives. a. Consider a game where player 1 makes an offer of any amount between and including $0 to $10 to player 2, which they must accept. The amount not offered to player 2 goes to player 1. The game then ends. b. Consider the same game above, however player 2 can accept or reject the offer. The game then ends. c. Suppose we observe (as is the case empirically) that player 1 offers an amount above your solutions in (a.) and (b.). What can we conclude from this observation
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