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QUESTION
(20 points) Consider the following signaling game. The players are 1 and 2. Nature chooses player 1's type. Then player 1 chooses Left or Right....
- What are player 1's information sets? What are player 1's pure strategies?
- What are player 2's information sets? What are player 2's pure strategies?
- What are the possible separating pure strategies for player 1? What are the possible pooling pure strategies for player 1?
- Is there a separating perfect Bayesian equilibrium?
- Is there a pooling perfect Bayesian equilibrium?
