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a. Find a pooling Bayes-Nash equilibrium where p represents the Prince's belief that Wesley is weak. Verify that it is and in doing so, find
a. Find a pooling Bayes-Nash equilibrium where p represents the Prince's belief that Wesley is weak. Verify that it is and in doing so, find the range of values for c that makes it valid. b. Derive a separating Bayes-Nash equilibrium for this game as well as the range of c over which it is valid
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Auditing and Assurance Services
Authors: Timothy Louwers, Robert Ramsay, David Sinason, Jerry Straws
6th edition
978-1259197109, 77632281, 77862341, 1259197107, 9780077632281, 978-0077862343
