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Info for the following two questions: Consider the sequential game below, with two players (1 and 2): b C (3,5) 2 2 A B D
Info for the following two questions: Consider the sequential game below, with two players (1 and 2): b C (3,5) 2 2 A B D 1 (4,2) (5, 1) (0,0) d e (0,0) (2,4) The number next to the black nodes denote which player is picking the action. That is, player 1 starts; player 2 plays next unless player 1 picked c; and player 1 can play again if player 2 picked A. Question 13: What constitutes a pure strategy in this game? O All of the other questions are correct, because all of these things can be called strategies.. O A "playbook" specifying what action to take in every possible circumstance; for example, (b.e) describes a pure strategy for player 1. O The payoffs associated with the equilibrium outcome. For example, (2,4) describes a pure strategy. O A specification of which actions are actually taken in a possible equilibrium. For example, (c) describes a pure strategy for player 1. O A list, in sequential order, of all actions that are taken in a possible equilibrium. For example, (a.B] describes a pure strategy. Question 14 1 pts What is the payoff for player 2 in the SPNE of this game? 0 5 0 1 0 4 0 2 0 0
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