Draw the extensive form for given game

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Reference no: EM132510877

Question

There are two players, called Row and Column, who play a game that can last two periods. In the first period they simultaneously choose actions F or C. If they both choose F, then the game continues, and they move to the second period. If at least one player chooses C the game ends and they get the payoffs in the table below:

After playing (F, F) in the first period, the players again simultaneously choose F or C in the second period and get the payoffs below. (The game cannot continue beyond the second period.)

(a) Find all the Nash equilibria of the game that is played in period 2 (after (F, F) is played in the first period).

(b) Find all the subgame perfect equilibria of the entire game.

(d) Now suppose that the game that is played in the second period is the game

And if (F, F) is played in the second period then the strategic form

is played in the third period.

Draw the extensive form for this game. Describe how you think your answers to the questions above will change, but do not calculate all the equilibria. Will the players benefit from this increased number of periods and why?

Reference no: EM132510877

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len2510877

5/9/2020 3:22:59 AM

I have an assignment I would like some help with and was wondering what your quote would be? I have attached the question and is a microeconomics game theory question, with a few sub parts. Thanks for your time and hope to hear back from you soon.

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