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A kidnapping situation is illustrated in an extensive form as follows. Kidnapper hostage's family 3,5 Pay ransom Do not pay ransom Kidnapper Kidnapper Kill Realease
A kidnapping situation is illustrated in an extensive form as follows. Kidnapper hostage's family 3,5 Pay ransom Do not pay ransom Kidnapper Kidnapper Kill Realease Kill Release 4,1 5,3 2,2 1,4 A kidnapper decides whether or not to abduct a victim. When a victim is abducted, the kidnapper demands a ransom to the the victim's family. The family can either pay the ransom or not. (a) How many subgames does the game have? (b) Will there be a kidnapping? Will the ransom be paid? Solve the game
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