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
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
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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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