Up Down Player 1 in the game above, what is/are the sub-game perfect Nash equilibrium? (up,up) (up,down) (down, up) (down, down) No equilibrium exists Up Down Up Down Player 2 P1 gets $100 P2 gets $100 P1 gets $10 P2 gets $10 P1 gets $15 P2 gets $5 P1 gets $110 P2 gets $10

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
Publisher:NICHOLSON
Chapter8: Game Theory
Section: Chapter Questions
Problem 8.1P
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Up
Down
Player 1
in the game above, what is/are the sub-game perfect Nash equilibrium?
(up,up)
(up,down)
(down, up)
(down, down)
No equilibrium exists
Up
Down
Up
Down
Player 2
P1 gets $100
P2 gets $100
P1 gets $10
P2 gets $10
P1 gets $15
P2 gets $5
P1 gets $110
P2 gets $10
Transcribed Image Text:Up Down Player 1 in the game above, what is/are the sub-game perfect Nash equilibrium? (up,up) (up,down) (down, up) (down, down) No equilibrium exists Up Down Up Down Player 2 P1 gets $100 P2 gets $100 P1 gets $10 P2 gets $10 P1 gets $15 P2 gets $5 P1 gets $110 P2 gets $10
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In the game above, what is/are the EFFICIENT sub-game perfect Nash equilibrium? 

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Follow-up Question
Up
Down
Up
Up
Down
Down
Player 1
Player 2
In the game above, what is/are the EFFICIENT sub-game perfect Nash equilibrium?
(up,up)
(up,down)
(down, up)
(down, down)
No EFFICIENT equilibrium exists
P1 gets $100
P2 gets $100
P1 gets $10
P2 gets $10
P1 gets $15
P2 gets $5
P1 gets $110
P2 gets $10
Transcribed Image Text:Up Down Up Up Down Down Player 1 Player 2 In the game above, what is/are the EFFICIENT sub-game perfect Nash equilibrium? (up,up) (up,down) (down, up) (down, down) No EFFICIENT equilibrium exists P1 gets $100 P2 gets $100 P1 gets $10 P2 gets $10 P1 gets $15 P2 gets $5 P1 gets $110 P2 gets $10
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