Consider the following sequential game: a. (1 point) Draw the extensive form of this game if A… 1 answer below »

Consider the following sequential game:

a. (1 point) Draw the extensive form of this game if A moves first. What is the equilibrium of the game?

b. (1 point) Draw the extensive form of the game if B moves first. What is the equilibrium of the game?

c. (1 point) Does player A prefer to move first or second? Explain your reasoning.

d. (1 point) Does player B prefer to move first or second? Explain your reasoning.

 

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