4. Find all pure-strategy perfect Bayesian equilibria in the following signaling game. 1,1 Sender " 0,1 \pil L R [91] [1/3] 1,0 0,0 Receiver Receiver 2,1 1,1 " Pal L 12 R 1921 [1/3] 0,0 Receiver Receiver 1,1 " d 1,0 " 0,0 L t3 R 11-P-Pal [1/3] 1-91-92 0,0 d d 2,1

ENGR.ECONOMIC ANALYSIS
14th Edition
ISBN:9780190931919
Author:NEWNAN
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Chapter1: Making Economics Decisions
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4. Find all pure-strategy perfect Bayesian equilibria in the following signaling game.
1,1..
U
0,1
U
[Pil L
Sender
t₁
R [91]
[1/3]
1,0
0,0
2,1
1,1
0,0
1,0
1,1.
0,0
0,0
2,1
d
U
d
Receiver
U
[2₂] L
Receiver
11-P₁-Pal
d
L
[1/3]
[1/3]
R
R
Receiver
[₂]
Receiver
[1-91-92
d
U
d
U
Transcribed Image Text:4. Find all pure-strategy perfect Bayesian equilibria in the following signaling game. 1,1.. U 0,1 U [Pil L Sender t₁ R [91] [1/3] 1,0 0,0 2,1 1,1 0,0 1,0 1,1. 0,0 0,0 2,1 d U d Receiver U [2₂] L Receiver 11-P₁-Pal d L [1/3] [1/3] R R Receiver [₂] Receiver [1-91-92 d U d U
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