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Problem 4. Five dollar bills are to be shared by two players. Ann makes an offer how to share them, which Beth can either accept

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Problem 4. Five dollar bills are to be shared by two players. Ann makes an offer how to share them, which Beth can either accept or reject. If she accepts, the bills are divided as agreed upon. If the rejects, two dollar bills are taken away and only three remain on the board. Then Beth makes an offer how to share them, which Ann can accept or reject. If Ann accepts, the bills are divided accordingly and if she rejects nobody gets anything. NO 1. Write down the extensive form of this game (the game tree) 2. Solve for the equilibrium

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