Question
(a) Answer the following questions from a game theoretic perspective. Who are the players in the case? What are the available strategies for each player?
(a) Answer the following questions from a game theoretic perspective. Who are the players in the case? What are the available strategies for each player? Identify which player is not fully informed about all of the aspects of the game, and what information this player is missing.
(b) What do the case writers mean when they write that "what really galled Walkenhorst about this was that he possessed information that could solve all his problems, if only he could communicate it safely and believable to Lakeland?"
(c) Is there anything Walkenhorst can do to convince Lakeland that they don't want to set up their plant if they get the patent?
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