Question: Let's consider a sequential game with two players. Player 1 (01) and Player 2 (02) have two strategies, 'a' and 'b'. Answer the following

Let's consider a sequential game with two players. Player 1 (01) and

Let's consider a sequential game with two players. Player 1 (01) and Player 2 (02) have two strategies, 'a' and 'b'. Answer the following questions (7th, 8th) about this game 01 02 (4,1) (9,0) (10,5) (3,9) 7. Find the equilibrium by backward induction. 8. Find the subgame perfect Nash equilibrium. Player 1 02 a b Player 2 (...) (...) (...)

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