Question
Consider the following extensive form game between two players 1 and 2. (i) (ii) (iii) Player 1 Player 2 4 1 N 0 0
Consider the following extensive form game between two players 1 and 2. (i) (ii) (iii) Player 1 Player 2 4 1 N 0 0 A 1 E 1 2 R B N/ 3 4 3 1 What is the corresponding strategic form? What are the Nash equilibria in pure strategies of the strategic form derived in (i)? E 1 0 0 Y 22 2 (30 marks) (10 marks) Which of the Nash equilibria in (ii) are subgame perfect? Use (30 marks) backward induction to derive your answer.
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Introduction to Operations Research
Authors: Frederick S. Hillier, Gerald J. Lieberman
10th edition
978-0072535105, 72535105, 978-1259162985
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