2, 10 0, 10 F B (p) -10, 2 L (1/2) 6,0 (q) F H (1/2) D (1-p-q) -10, 7 F 3,5 E G 2, 10 3,5 Consider the extensive-form game in the above figure. (a) Present this game in a normal-form game. Find all BNEs. (b) Find PBES.

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
Publisher:NEWNAN
Chapter1: Making Economics Decisions
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5.
2, 10
0, 10
A
B
(p)
G
- 10, 2
L
(1/2)
6,0
F
ZO
H
(1/2)
D
(1-p-q)
-10, 7
F
3,5
E
G
2,10
3,5
Consider the extensive-form game in the above figure.
(a) Present this game in a normal-form game. Find all BNEs.
(b) Find PBES.
Transcribed Image Text:5. 2, 10 0, 10 A B (p) G - 10, 2 L (1/2) 6,0 F ZO H (1/2) D (1-p-q) -10, 7 F 3,5 E G 2,10 3,5 Consider the extensive-form game in the above figure. (a) Present this game in a normal-form game. Find all BNEs. (b) Find PBES.
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