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P1 gets $100 Up P2 gets $0 Up P1 gets $52 Down P2 gets $2 Up P1 gets $25 P2 gets $29 Down Down P1

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P1 gets $100 Up P2 gets $0 Up P1 gets $52 Down P2 gets $2 Up P1 gets $25 P2 gets $29 Down Down P1 gets $50 P2 gets $50 Player 1 Player 2 In the game above, what is/are the EFFICIENT sub-game perfect Nash equilibrium? (up,up) (up,down) (down, up) (down, down) No EFFICIENT equilibrium exists

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