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Consider a two player sequential move game where each player

Consider a two- player, sequential- move game where each player can choose to play right or left. Player 1 moves first. Player 2 observes player 1’s actual move and then decides to move right or left. If player 1 moves right, player 1 receives $ 0 and player 2 receives $ 25. If both players move left, player 1 receives $ 5 and player 2 receives $ 10. If player 1 moves left and player 2 moves right, player 1 receives $ 20 and player 2 receives $ 20.

a. Write the above game in extensive form.

b. Find the Nash equilibrium outcomes to this game.

c. Which of the equilibrium outcomes is most reasonable? Explain.

a. Write the above game in extensive form.

b. Find the Nash equilibrium outcomes to this game.

c. Which of the equilibrium outcomes is most reasonable? Explain.

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