ECON 2020 Lecture 6: CH 11.PDF
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7.
1 \ 2 |
L |
R |
U |
4, 4 |
0, 3 |
D |
5, 0 |
1, 1 |
If this game becomes a perfect information game and is played sequentially, two things can happen: (i) case 1: player 1 moves first and player 2 moves second, and (ii) case 2: player 2 moves first and player 1 moves later. In case 2, the perfect equilibrium strategies and corresponding payoffs are __________ and in case 1, the perfect equilibrium strategies and corresponding payoffs are ____________. This suggests that players will prefer to play ________ rather than __________.
A. |
(D,R) (1,1); (U,L) (4,4) ; sequentially under case 1; simultaneously |
|
B. |
(D,R) (1,1); (U,L) (4,4) ; sequentially under case 2; sequentially under case 1 |
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C. |
(D,L) (5,0); (U,L) (4,4) ; game under case 2; game under case 1 |
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D. |
(U,L) (4,4); (D,R) (1,1) ; sequentially under case 2; simultaneously |