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Consider a two-player sequential-move game where each player can choose to play right or left. Player 1 moves first. Player 2 observes player 1's...
Consider a two-player sequential-move game where each player can choose to play right or left. Player 1 moves first. Player 2 observes player 1’s actual move and then decides to move right or left. If player 1 moves right, player one receives $0 and player 2 receives $15. If both players move left, player 1 receives -$10 and player 2 receives $8. If player 1 moves left and player 2 moves right, player 1 receives $10 and player 2 receives $10.a. WRITE THE ABOVE GAME IN EXTENSIVE FORM b. FIND THE NASH EQUILIBRIUM OUTCOMES TO THIS GAME c. WHICH EQUILBRIUM IS MOST REASONABLE? EXPLAIN WHY?
