5. What is player 3's knowledge of player 1's choice: 1 A L R 2 R L 221 B 3 L RL L R 1 0 2 1 1 1 0 1 0 1 2 1 3 0 3 0 1 1 1 1 a) Player 3 knows nothing. b) Player 3 knows only player 2's choice, but not player 1's choice. c) Player 3 knows whether it is A or not. 3 RL 221 R 2

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
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Chapter7: Uncertainty
Section: Chapter Questions
Problem 7.7P
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5. What is player 3's knowledge of player 1's choice:
1
A
L
R
2
L
221
B
3
RL
3
L
RL
R
L
R
1
0
2 1
1
1
0
1
0
1
1
3
0
3
0
1 1 1 1
a) Player 3 knows nothing.
b) Player 3 knows only player 2's choice, but not player 1's choice.
c) Player 3 knows whether it is A or not.
221
2
R
2
Transcribed Image Text:5. What is player 3's knowledge of player 1's choice: 1 A L R 2 L 221 B 3 RL 3 L RL R L R 1 0 2 1 1 1 0 1 0 1 1 3 0 3 0 1 1 1 1 a) Player 3 knows nothing. b) Player 3 knows only player 2's choice, but not player 1's choice. c) Player 3 knows whether it is A or not. 221 2 R 2
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