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There are two players, 1 and 2. At the first stage, player 1 chooses whether to play the following simultaneous move game: LR U 2,2 0,0 D 0,0 4,4 If player 1 chooses "play" at the first stage, player 1 and 2 play the above simultaneous move game; If player 1 choose "not play" at the first stage, both players get the payoff of 3. How many SPE does the game have?

There are two players, 1 and 2. At the first stage, player 1 chooses whether to play the following simultaneous move game: LR U 2,2 0,0 D 0,0 4,4 If player 1 chooses "play" at the first stage, player 1 and 2 play the above simultaneous move game; If player 1 choose "not play" at the first stage, both players get the payoff of 3. How many SPE does the game have?

ENGR.ECONOMIC ANALYSIS
ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
Section: Chapter Questions
Problem 1QTC
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There are two players, 1 and 2. At the first stage, player 1 chooses whether to play the following simultaneous move game: LR U 2,2 0,0 D 0,0 4,4 If player 1 chooses "play" at the first stage, player 1 and 2 play the above simultaneous move game; If player 1 choose "not play" at the first stage, both players get the payoff of 3. How many SPE does the game have? O 1 O 3 O 4
Transcribed Image Text:There are two players, 1 and 2. At the first stage, player 1 chooses whether to play the following simultaneous move game: LR U 2,2 0,0 D 0,0 4,4 If player 1 chooses "play" at the first stage, player 1 and 2 play the above simultaneous move game; If player 1 choose "not play" at the first stage, both players get the payoff of 3. How many SPE does the game have? O 1 O 3 O 4
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