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6, 8 X X' 3, 3 High (1/2) 4, 4 4 Y Y 10,7 5, 0 X Low (1/2) X' 3, 0 L' 1 M'

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6, 8 X X' 3, 3 High (1/2) 4, 4 4 Y Y 10,7 5, 0 X Low (1/2) X' 3, 0 L' 1 M' 4, 6 Y Y 8, 4 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). 20 (p) L (1-P) M 2 (g): (1-9)

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