Question: 1) Define a Subgame and Subgame Perfect Equilibrium. 2) Explain the difference between a Bayesian-Nash Equilibrium and a Nash Equilibrium. 3) Define a zero-sum game.

difference between a Bayesian-Nash Equilibrium and a Nash Equilibrium. 3) Define a

1) Define a Subgame and Subgame Perfect Equilibrium. 2) Explain the difference between a Bayesian-Nash Equilibrium and a Nash Equilibrium. 3) Define a zero-sum game. Give two examples. 4) Explain how the concept of Nash Equilibrium can be applied to the tragedy of commons

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