Hello,

Please i need help solving this problem, i have included the table for your reference. Thank you.

Recall the question from HW3 about the websites that can show cats or practical content.

a) (5 points) Modify the game tree to represent a simultaneous move game.

b) (5 points) Do you get the same outcome for the game as you did when it was a sequential game?

c) (5 points) Is the result a SPNE? Why or why

not?

cats Firm 3 practical

Firm 2 firm 2

cats practical cats practical

Firm 1 cats 34, 25, 41 32, 32, 36 cats 34, 29, 37 38, 32, 30

Firm 1

practical 32, 30, 38 33, 31, 36 practical 35, 38, 27 36, 39, 25

*Below is the HW3, the same numbers were used to create the extensive form* I am only looking for help in the above questions the one below is just a reference. Thank you.

a) (5 points) Complete the payoffs for the extensive form below when it is modeled as a sequential move game.

b) (5 points) Is the NE the same result you get from backward induction? If not, then what result do you get from backward induction? Show your work on the game tree.