Question: please solve attached problem and show all work. Thanks! 3. Two players play a twoperiod bargaining game in which they try to divide four identical

please solve attached problem and show all work. Thanks!

please solve attached problem and show all work. Thanks! 3. Two players

3. Two players play a twoperiod bargaining game in which they try to divide four identical objects. In period 1, player 1 proposes one of ve division schemes: (4,0), (3,1), (2,2), (1,3) or (0,4), where the rst number is the number of objects going to player 1 and the second is the number of objects going to player 2. If player 2 accepts the proposal the division takes place and the game is over. If player 2 rejects the proposal the game continues in period 2 where player 2 proposes his own division scheme: (4,0), (3,1), (2,2), (1,3) or (0,4). If player 1 accepts, the division takes place according to the proposed scheme. If he rejects, no player gets anything. The payoff of either player is the number of objects the player receives multiplied by the discount factor 6 (where 0

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