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Part 11 (5 marks): Incomplete information Suppose p = 0.5. Check whether the following strategy profiles constitute a BNE: (1) (ii) (iii) (iv) ) (Ga,
Part 11 (5 marks): Incomplete information Suppose p = 0.5. Check whether the following strategy profiles constitute a BNE: (1) (ii) (iii) (iv) ) (Ga, b1, 0b0) = (1,1,1) (6a, Gb1, 660) = (0,0,0) (6a, Ob1, ob0) = (1,1,0) (6a, Ob1, 6b0) = (0,0,1) (6a, 6b1, 6b0) =(0.8,0.2,0.2) To prove something is not a BNE, you need to show that just one of the three type-0 player B, type-1 player B, or player A has an incentive to deviate. To prove something is a BNE you have to check that no player-type has an incentive to deviate from the proposed strategy profile
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