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Please also include the game tree Bonus Problem (Optional, 40 marks) We consider the following Education signaling game: There are 2 people in games: Final
Please also include the game tree
Bonus Problem (Optional, 40 marks) We consider the following Education signaling game: There are 2 people in games: Final Year Undergraduate Student (Player 1) and Employer of a R&D company (Player 2). The student first decides either to study for a PhD. Degree (P), study for a master Degree (M) or apply for the job immediately without pursuing any further study (N). - Pursuing further study (PhD or MSc) will require some costs and the cost depends on the quality of the student (Good (G) or Bad (B)). The costs for pursuing different studies are summarized in the following table: | Master (M) | Good | 4 | 6 | where 4Step by Step Solution
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