I need number 5, number 4 is shown as it is needed for background info for 5 5. Find the subgame perfect outcomes for the game described in question 4. Which of these outcomes is consistent with a "bank run"? 4. Two investors have each deposited 5 (all amounts are in $10,000s) with a bank. The bank has invested these deposits in a long-term project.If both investors make withdrawals at date 1 then each receives 3 and the game ends. If only one investor makes a withdrawal at date 1 then that investor receives 5, the other receives 1, and the game ends. Finally, if neither investor makes a withdrawal at date 1 then the project matures and the investors make withdrawal decisions at date 2.If both investors make withdrawals at date 2 then each receives 7 and the game ends. If only one investor makes a withdrawal at date 2 then that investor receives 9, the other receives 5, and the game ends. Finally, if neither investor makes a withdrawal at date 2 then the bank returns 7 to each investor and the game ends.Show the bi-matrix for dates 1 and 2.

A Bimatrix game in game theory is a two-person simultaneous game in which each player has a finite…

Answered: Find the subgame perfect outcomes for…

Find the subgame perfect outcomes for the game described in question 4. Which of these outcomes is consistent with a "bank run"?

ENGR.ECONOMIC ANALYSIS

14th Edition

ISBN:9780190931919

Author:NEWNAN

Publisher:NEWNAN

Chapter1: Making Economics Decisions

Section: Chapter Questions

Problem 1QTC

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Question

I need number 5, number 4 is shown as it is needed for background info for 5

4. Two investors have each deposited 5 (all amounts are in $10,000s) with a bank. The bank has invested these deposits in a long-term project.

If both investors make withdrawals at date 1 then each receives 3 and the game ends. If only one investor makes a withdrawal at date 1 then that investor receives 5, the other receives 1, and the game ends. Finally, if neither investor makes a withdrawal at date 1 then the project matures and the investors make withdrawal decisions at date 2.

If both investors make withdrawals at date 2 then each receives 7 and the game ends. If only one investor makes a withdrawal at date 2 then that investor receives 9, the other receives 5, and the game ends. Finally, if neither investor makes a withdrawal at date 2 then the bank returns 7 to each investor and the game ends.

Show the bi-matrix for dates 1 and 2.

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