Question 5: A 3-player game (1 points) Consider the following 3-player game 1 2,0.0 L 3....

Transcribed Image Text:

Question 5: A 3-player game (1 points) Consider the following 3-player game 1 2,0.0 L 3. 3 L' R' L' R' 1,2,1 3, 3,3 0,1,2 0, 1, 1 (a) Show that (A, L, L') is a perfect Bayesian equilibrium (with some some system of beliefs). (b) Show that (A, L, L') is not a SE (i.e., there is no system of beliefs that pairs to form a SE). (c) Find a SE. Question 5: A 3-player game (1 points) Consider the following 3-player game 1 2,0.0 L 3. 3 L' R' L' R' 1,2,1 3, 3,3 0,1,2 0, 1, 1 (a) Show that (A, L, L') is a perfect Bayesian equilibrium (with some some system of beliefs). (b) Show that (A, L, L') is not a SE (i.e., there is no system of beliefs that pairs to form a SE). (c) Find a SE.