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Q1 Consider the following two-player normal form game: Player 1 is the row player choosing U,M,
or D, and his payoff is given by the first number in each cell. (1) Obtain all NEs of this game. (2)
Solve the game through IEDS. (3) Now, suppose that player 1 first chooses U,M, or D, and after
observing player 1's choice, player 2 chooses L,C, or R. Draw a game tree and obtain a SPE in
this game.

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Q1 Consider the following twoplayer normal form game Playe.pdf

  • 1. Q1 Consider the following two-player normal form game: Player 1 is the row player choosing U,M, or D, and his payoff is given by the first number in each cell. (1) Obtain all NEs of this game. (2) Solve the game through IEDS. (3) Now, suppose that player 1 first chooses U,M, or D, and after observing player 1's choice, player 2 chooses L,C, or R. Draw a game tree and obtain a SPE in this game.