Consider the following game : Stag Rabbit Stag 9, 9 0, 8 Rabbit 8, 0 7, 7 The first payoff is that of player 1 and the second that of player 2. a. ) Draw the extensive form of the simultaneous game....

Consider the following game :<br>Stag<br>Rabbit<br>Stag<br>9, 9<br>0, 8<br>Rabbit<br>8, 0<br>7, 7<br>The first payoff is that of player 1 and the second<br>that of player 2.<br>a. ) Draw the extensive form of the simultaneous game.<br>Find all the Nash equilibrium.<br>p. Suppose player 1 moves first or we are in a<br>sequential game now. Draw the extensive form in the<br>sequential version.<br>c. What is the subgame perfect Nash Equilibrium<br>(SPNE) in the sequential version?<br>d. ) Explain why it is an SPNE.<br>

Extracted text: Consider the following game : Stag Rabbit Stag 9, 9 0, 8 Rabbit 8, 0 7, 7 The first payoff is that of player 1 and the second that of player 2. a. ) Draw the extensive form of the simultaneous game. Find all the Nash equilibrium. p. Suppose player 1 moves first or we are in a sequential game now. Draw the extensive form in the sequential version. c. What is the subgame perfect Nash Equilibrium (SPNE) in the sequential version? d. ) Explain why it is an SPNE.

Jun 11, 2022

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Consider the following game : Stag Rabbit Stag 9, 9 0, 8 Rabbit 8, 0 7, 7 The first payoff is that of player 1 and the second that of player 2. a. ) Draw the extensive form of the simultaneous game....

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