1. Consider the following dynamic game D LR C 3 2 P LR C 3,3,2 0,0,0 4,4,0 0,0,1 →1,1,1 Find all the perfect Bayesian Nash equilibrium in pure strategies.
1. Consider the following dynamic game D LR C 3 2 P LR C 3,3,2 0,0,0 4,4,0 0,0,1 →1,1,1 Find all the perfect Bayesian Nash equilibrium in pure strategies.
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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Transcribed Image Text:1. Consider the following dynamic game
D
LR
C
3
2
P
LR
C
3,3,2 0,0,0 4,4,0 0,0,1
→1,1,1
Find all the perfect Bayesian Nash equilibrium in pure strategies.
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