For the above sequential game, both Albus and Minerva make moves in two possible situations. A number in purple indicates which node of the two for each of Albus and Minerva. Albus' strategy NS indicates a strategy of taking action N at node 1 and action 5 at node 4. Minerva's strategy ab indicates a strategy of taking action a at node 2 and action b at node 3. Adopt this format of writing strategies, find the subgame perfect Nash equilibrium. Fill in the blanks: The subgame perfect Nash equilibrium of this game is "Albus". Minvera"

For the above sequential game, both Albus and Minerva make moves in two possible situations. A number in purple indicates which node of the two for each of Albus and Minerva. Albus' strategy NS indicates a strategy of taking action N at node 1 and action 5 at node 4. Minerva's strategy ab indicates a strategy of taking action a at node 2 and action b at node 3. Adopt this format of writing strategies, find the subgame perfect Nash equilibrium. Fill in the blanks: The subgame perfect Nash equilibrium of this game is "Albus". Minvera"

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

ALBUS
MINERVA
N
S
Z
MINERVA
لی
a
C
a
b
3,3
ALBUS
b
0,4
2,2
4
N
S
15,2
1,3
13,1
For the above sequential game, both Albus and Minerva make moves in two possible situations. A number in
purple indicates which node of the two for each of Albus and Minerva. Albus' strategy NS indicates a strategy of
taking action N at node 1 and action 5 at node 4. Minerva's strategy ab indicates a strategy of taking action a at
node 2 and action b at node 3. Adopt this format of writing strategies, find the subgame perfect Nash equilibrium.
Fill in the blanks: The subgame perfect Nash equilibrium of this game is "Albus"
Minvera"

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