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4. Consider again the following imperfect-information, dynamic game: 2 B H R S S R F (6.1) (8,8) (1,3) (4.4) (-1,-1) (2,2) a. What are the subgames of the game? b. Find the set of all SPNE, pure and mixed. Explain. 5. Consider again the following imperfect-information, dynamic game: U 1 D (5,5) T M B 1 R X X (2,2) (3,3) (4,4) (0,0) (6.6) (1,1) a. What are the subgames of the game? b. Find the set of all SPNE, pure and mixed. Explain.

4. Consider again the following imperfect-information, dynamic game: 2 B H R S S R F (6.1) (8,8) (1,3) (4.4) (-1,-1) (2,2) a. What are the subgames of the game? b. Find the set of all SPNE, pure and mixed. Explain. 5. Consider again the following imperfect-information, dynamic game: U 1 D (5,5) T M B 1 R X X (2,2) (3,3) (4,4) (0,0) (6.6) (1,1) a. What are the subgames of the game? b. Find the set of all SPNE, pure and mixed. Explain.

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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4. Consider again the following imperfect-information, dynamic game: 2 B H R S S R F (6.1) (8,8) (1,3) (4.4) (-1,-1) (2,2) a. What are the subgames of the game? b. Find the set of all SPNE, pure and mixed. Explain. 5. Consider again the following imperfect-information, dynamic game: U 1 D (5,5) T M B 1 R X X (2,2) (3,3) (4,4) (0,0) (6.6) (1,1) a. What are the subgames of the game? b. Find the set of all SPNE, pure and mixed. Explain.
Transcribed Image Text:4. Consider again the following imperfect-information, dynamic game: 2 B H R S S R F (6.1) (8,8) (1,3) (4.4) (-1,-1) (2,2) a. What are the subgames of the game? b. Find the set of all SPNE, pure and mixed. Explain. 5. Consider again the following imperfect-information, dynamic game: U 1 D (5,5) T M B 1 R X X (2,2) (3,3) (4,4) (0,0) (6.6) (1,1) a. What are the subgames of the game? b. Find the set of all SPNE, pure and mixed. Explain.
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