Finding equilibria obtained by backward induction


Assignment:

Answer the following questions with reference to Game A and Game B that appear in the diagram below.

(a) Find all equilibria obtained by backward induction.
(b) Describe the games in strategic form.
(c) Check whether there are other Nash equilibria in addition to those found by backward induction.

1277_Describing games.JPG

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Game Theory: Finding equilibria obtained by backward induction
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