Question: 4. [15 points] Consider a game between a home-owner (P1) and a ton- trartor (P2). The game has ve. stages: (i) P] di'l'itifl'i whether to

4. [15 points] Consider a game between a home-owner (P1) and a ton- trartor (P2). The game has ve. stages: (i) P] di'l'itifl'i whether to invest an amount L or H on renovating her kitchen1 where (l H L. Page 4 of 4 pages (3) Draw the game tree. Find the enligame perfect equilibrium. \"1) Is there a hold-11p problem in the outcome? \"'11); or why not? Explain what drives the ontrome

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4. [15 points] Consider a game between a home-owner (PI) and a con- tractor (P2). The game has five stages: (i) Pl decides whether to invest an amount / or # on renovating her kitchen, where 0 H - L....

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