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Explain the following a)In the manager-employee game (work-shirk)? What happens if one of them plays a pure strategy? Please explain. b)In two player's dynamic games
Explain the following
a)In the manager-employee game (work-shirk)? What happens if one of them plays a pure strategy? Please explain.
b)In two player's dynamic games the player who moves second gets the advantage because we solve the game backwards. Explain why or why not?
c)In dynamic game theory, a situation where a player is using non-credible threat is an examples of subgame perfect Nash equilibrium, explain why or why not?
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