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Economics

Consider the following game of incomplete information. Nature Örst selects x 2 f0; 12g and reveals it to player one. Player two believes that either value of x is equally likely, and player one knows player twoís beliefs. Carefully specify the pure strategy Bayesian Nash equilibrium/equilibria of the game. 1=2 C D A x; 9 3; 6 B 6; 0 6; 9

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Business Economics, Economics

Category:- Business Economics
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