Game: Every participant has an endowment of $10. Player one can send all, nothing, or a part of his $10 to player two. The amount sent will be multiplied by 3 and given to player 2. Player 2 can send back all, nothing, or a part of the amount received and his endowment of $10 to player 1.

2) Solve the game:

Represent the game as a game tree (appropriate to the game at hand - the Trust game)

Solve the game according to the assumptions of game theory explain detailing how you did this.