Which one of the following statements is incorrect? A. A finite static game with complete information may not have a pure strategy Nash equilibrium. B. For dynamic games with complete information, not all subgame perfect Nash equilibrium points can be found by backward induction. C. A finite static game with complete information cannot have an extensive form representation. D. A finite dynamic game with complete information may also have a normal form representation.
Which one of the following statements is incorrect? A. A finite static game with complete information may not have a pure strategy Nash equilibrium. B. For dynamic games with complete information, not all subgame perfect Nash equilibrium points can be found by backward induction. C. A finite static game with complete information cannot have an extensive form representation. D. A finite dynamic game with complete information may also have a normal form representation.
Principles of Economics (MindTap Course List)
8th Edition
ISBN:9781305585126
Author:N. Gregory Mankiw
Publisher:N. Gregory Mankiw
Chapter17: Oligopoly
Section: Chapter Questions
Problem 5CQQ
Related questions
Question
Which one of the following statements is incorrect?
A. |
A finite static game with complete information may not have a pure strategy Nash equilibrium. |
|
B. |
For dynamic games with complete information, not all subgame perfect Nash equilibrium points can be found by backward induction. |
|
C. |
A finite static game with complete information cannot have an extensive form representation. |
|
D. |
A finite dynamic game with complete information may also have a normal form representation. |
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