Consider the following extensive form game between player 1 and player 2.

Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter13: best-practice Tactics: Game Theory
Section: Chapter Questions
Problem 5E
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Consider the following extensive form game between player 1 and player 2.
T
B
(2, 2)
L
R
R
(3, 1)
(0, 0) (5, 0)
(0, 1)
(a). Find the normal form representation of this game. (show the bimatrix)
(b). Find all pure strategy NE.
(c). Which of these equilibria are subgame perfect?
Transcribed Image Text:Consider the following extensive form game between player 1 and player 2. T B (2, 2) L R R (3, 1) (0, 0) (5, 0) (0, 1) (a). Find the normal form representation of this game. (show the bimatrix) (b). Find all pure strategy NE. (c). Which of these equilibria are subgame perfect?
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