T S A 3,1 5,6 B 2,5 3,4 C 4,2 6,3 Consider the following repeated game. The simultaneous move game represented in normal form above is played three times; after each round players observe which strategy profile has been played. Select which is a correct claim among the following ones
T S A 3,1 5,6 B 2,5 3,4 C 4,2 6,3 Consider the following repeated game. The simultaneous move game represented in normal form above is played three times; after each round players observe which strategy profile has been played. Select which is a correct claim among the following ones
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
Related questions
Question
(3).
![Tempo rimasto 0:58:57
T
S
A
3,1
5,6
B
2,5
3,4
C
4,2
6,3
Consider the following repeated game. The simultaneous move game represented in normal form
above is played three times; after each round players observe which strategy profile has been played.
Select which is a correct claim among the following ones
Scegli un'alternativa:
O
The unique SPNE of this game is such that Player 1 plays A at every round and Player 2 plays S at every round.
O The unique SPNE of this game is such that Player 1 plays C at every round and Player 2 plays S at every round.
O
There is a SPNE such that player 1 plays A in the first round, and plays A in the second round if and if (A.S) has been ayed in the first round,
otherwise plays C; player 1 plays C in the last round.
Player 2 plays S in the first round, and plays S in the second if and only if (A.S) has been played in the first round, otherwise plays T; player 2 plays T in the
last round.
O
The unique SPNE of this game is such that Player 1 plays A in the first and second round and B in the third round; Player 2 plays T in the first and second
round and S in the third one.](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F02f429f9-8aa5-4bd4-8533-b98caa9cdf94%2F1d190c05-fbd9-41ab-86a5-85f6db283962%2Ftcg1ofn_processed.jpeg&w=3840&q=75)
Transcribed Image Text:Tempo rimasto 0:58:57
T
S
A
3,1
5,6
B
2,5
3,4
C
4,2
6,3
Consider the following repeated game. The simultaneous move game represented in normal form
above is played three times; after each round players observe which strategy profile has been played.
Select which is a correct claim among the following ones
Scegli un'alternativa:
O
The unique SPNE of this game is such that Player 1 plays A at every round and Player 2 plays S at every round.
O The unique SPNE of this game is such that Player 1 plays C at every round and Player 2 plays S at every round.
O
There is a SPNE such that player 1 plays A in the first round, and plays A in the second round if and if (A.S) has been ayed in the first round,
otherwise plays C; player 1 plays C in the last round.
Player 2 plays S in the first round, and plays S in the second if and only if (A.S) has been played in the first round, otherwise plays T; player 2 plays T in the
last round.
O
The unique SPNE of this game is such that Player 1 plays A in the first and second round and B in the third round; Player 2 plays T in the first and second
round and S in the third one.
Expert Solution
![](/static/compass_v2/shared-icons/check-mark.png)
This question has been solved!
Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.
Step by step
Solved in 2 steps with 2 images
![Blurred answer](/static/compass_v2/solution-images/blurred-answer.jpg)
Knowledge Booster
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, economics and related others by exploring similar questions and additional content below.Recommended textbooks for you
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![ENGR.ECONOMIC ANALYSIS](https://compass-isbn-assets.s3.amazonaws.com/isbn_cover_images/9780190931919/9780190931919_smallCoverImage.gif)
![Principles of Economics (12th Edition)](https://www.bartleby.com/isbn_cover_images/9780134078779/9780134078779_smallCoverImage.gif)
Principles of Economics (12th Edition)
Economics
ISBN:
9780134078779
Author:
Karl E. Case, Ray C. Fair, Sharon E. Oster
Publisher:
PEARSON
![Engineering Economy (17th Edition)](https://www.bartleby.com/isbn_cover_images/9780134870069/9780134870069_smallCoverImage.gif)
Engineering Economy (17th Edition)
Economics
ISBN:
9780134870069
Author:
William G. Sullivan, Elin M. Wicks, C. Patrick Koelling
Publisher:
PEARSON
![Principles of Economics (MindTap Course List)](https://www.bartleby.com/isbn_cover_images/9781305585126/9781305585126_smallCoverImage.gif)
Principles of Economics (MindTap Course List)
Economics
ISBN:
9781305585126
Author:
N. Gregory Mankiw
Publisher:
Cengage Learning
![Managerial Economics: A Problem Solving Approach](https://www.bartleby.com/isbn_cover_images/9781337106665/9781337106665_smallCoverImage.gif)
Managerial Economics: A Problem Solving Approach
Economics
ISBN:
9781337106665
Author:
Luke M. Froeb, Brian T. McCann, Michael R. Ward, Mike Shor
Publisher:
Cengage Learning
![Managerial Economics & Business Strategy (Mcgraw-…](https://www.bartleby.com/isbn_cover_images/9781259290619/9781259290619_smallCoverImage.gif)
Managerial Economics & Business Strategy (Mcgraw-…
Economics
ISBN:
9781259290619
Author:
Michael Baye, Jeff Prince
Publisher:
McGraw-Hill Education