Question: Question 3 (25 marks). Consider the following extensive form game. 5,1 0,0 0,0 1,5 (1) Does this game have perfect information? Does it have perfect

 Question 3 (25 marks). Consider the following extensive form game. 5,1

Question 3 (25 marks). Consider the following extensive form game. 5,1 0,0 0,0 1,5 (1) Does this game have perfect information? Does it have perfect recall? (2 marks) (2) How many subgames does this game have in total? What are they? (2 marks) (3) Find how many pure strategies Player 1 has and label them in some meaningful way. Are any of these strategies Kuhn equivalent to each other? If so, which? (2 marks) (4) Find how many pure strategies Player 2 has and label them in some meaningful way Are any of these strategies Kuhn equivalent tp each other? If so7 which? (2 marks) (5) Give the associated normal form game of this extensive form game, using just one copy of the strategies that are Kuhn equivalent to each other, (4 marks) (6) Find all the pure strategy equilibria of this associated normal form game

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Economics Questions!