Consider the following extensive-form game under perfect information: pl/1 R pl/2 pl/2 (4,2,2) (0,0,0) (1,1,1) (0,2,1) (0,0,0) Explaining (at least briefly) your work/logic, identify players' dynamic best responses, the set of subgame perfect equilibrium strategies, and subgame perfect outcomes. Please make sure to list the set of subgame perfect strategies (plans of actions) completely and neatly. Sketches on a game tree is not what we want. Question 2. pl/3 L R R R

Consider the following extensive-form game under perfect information: pl/1 R pl/2 pl/2 (4,2,2) (0,0,0) (1,1,1) (0,2,1) (0,0,0) Explaining (at least briefly) your work/logic, identify players' dynamic best responses, the set of subgame perfect equilibrium strategies, and subgame perfect outcomes. Please make sure to list the set of subgame perfect strategies (plans of actions) completely and neatly. Sketches on a game tree is not what we want. Question 2. pl/3 L R R R

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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