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5. What is player 3's knowledge of player 1's choice: 1 A L R 2 R L 221 B 3 L RL L R 1 0 2 1 1 1 0 1 0 1 2 1 3 0 3 0 1 1 1 1 a) Player 3 knows nothing. b) Player 3 knows only player 2's choice, but not player 1's choice. c) Player 3 knows whether it is A or not. 3 RL 221 R 2

5. What is player 3's knowledge of player 1's choice: 1 A L R 2 R L 221 B 3 L RL L R 1 0 2 1 1 1 0 1 0 1 2 1 3 0 3 0 1 1 1 1 a) Player 3 knows nothing. b) Player 3 knows only player 2's choice, but not player 1's choice. c) Player 3 knows whether it is A or not. 3 RL 221 R 2

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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5. What is player 3's knowledge of player 1's choice: 1 A L R 2 L 221 B 3 RL 3 L RL R L R 1 0 2 1 1 1 0 1 0 1 1 3 0 3 0 1 1 1 1 a) Player 3 knows nothing. b) Player 3 knows only player 2's choice, but not player 1's choice. c) Player 3 knows whether it is A or not. 221 2 R 2
Transcribed Image Text:5. What is player 3's knowledge of player 1's choice: 1 A L R 2 L 221 B 3 RL 3 L RL R L R 1 0 2 1 1 1 0 1 0 1 1 3 0 3 0 1 1 1 1 a) Player 3 knows nothing. b) Player 3 knows only player 2's choice, but not player 1's choice. c) Player 3 knows whether it is A or not. 221 2 R 2
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