Game Theory Problem
Solve the game below as a simultaneous game. What is the equilibrium? Now solve the game below as a sequential game. You decide who goes first. What is the solution? Are the solutions different for the two games?
Game Theory Problem
Solve the game below as a simultaneous game. What is the equilibrium? Now solve the game below as a sequential game. You decide who goes first. What is the solution? Are the solutions different for the two games?