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Q1 Consider the following two-player normal form game: Player 1 is the row player choosing U, M , or D, and his payoff is given
Q1 Consider the following two-player normal form game: Player 1 is the row player choosing U, M , or D, and his payoff is given by the rst number in each cell. (1) Obtain all NEs of this game. (2) Solve the game through IEDS. (3) Now, suppose that player 1 rst chooses U , M , or D, and after observing player 1's choice, player 2 chooses L, C, or R. Draw a game tree and obtain a SPE in this game
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