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Consider the game represented by the game tree below. 1 R 2 2 A B B A -2, -1 1,2 2,1 -1,-2 a. Re-express the
Consider the game represented by the game tree below. 1 R 2 2 A B B A -2, -1 1,2 2,1 -1,-2 a. Re-express the game in strategic form (table). Put player 1 as the row player. (5 pts) b. Find all of the pure strategy NE of the game. Do backward induction to find SPNE. (5 pts) c. For those equilibria that are not subgame perfect, what is the reason? (identify the source of the lack of credibility) (5 pts)
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