Problem 76. Consider the following game in a tree form.< 11 2,2 2 c) only (4,4)* d)only (1,4)* r1 4,1 L The perfect equilibrium payoff is a) only (2,2)↓ b) only (4,1)< 1 M 12 4,4 2 R r2 N 1,4 1,3 e) both (2,2) and (4,4) are perfect equilibrium outcomes f) only (1,3) H
Problem 76. Consider the following game in a tree form.< 11 2,2 2 c) only (4,4)* d)only (1,4)* r1 4,1 L The perfect equilibrium payoff is a) only (2,2)↓ b) only (4,1)< 1 M 12 4,4 2 R r2 N 1,4 1,3 e) both (2,2) and (4,4) are perfect equilibrium outcomes f) only (1,3) H
Managerial Economics: Applications, Strategies and Tactics (MindTap Course List)
14th Edition
ISBN:9781305506381
Author:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Publisher:James R. McGuigan, R. Charles Moyer, Frederick H.deB. Harris
Chapter13: best-practice Tactics: Game Theory
Section: Chapter Questions
Problem 13E
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5
![Problem 76.
Consider the following game in a tree form.<
E
11
2,2
2
r1
4,1
L
The perfect equilibrium payoff is
a) only (2,2)↓
b) only (4,1)<
c) only (4,4)<
d)only (1,4)
1
M
12
4,4
2
R
r2
1,4
1,3
e) both (2,2) and (4,4) are perfect equilibrium outcomes
f) only (1,3)](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fdd7fbb53-57ef-4851-be37-ffc45b8642aa%2F48e20ff9-efb3-479b-b94b-02f028013328%2Fyu4qn6_processed.png&w=3840&q=75)
Transcribed Image Text:Problem 76.
Consider the following game in a tree form.<
E
11
2,2
2
r1
4,1
L
The perfect equilibrium payoff is
a) only (2,2)↓
b) only (4,1)<
c) only (4,4)<
d)only (1,4)
1
M
12
4,4
2
R
r2
1,4
1,3
e) both (2,2) and (4,4) are perfect equilibrium outcomes
f) only (1,3)
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