Consider the following three-person game. Please note this game has incomplete information. Player 1 plays first and chooses either A or B. If player 1 chooses A, then player 2 will play either L or R. If player 2 plays L, then player 3 will play l or r where the payoff for l is (3, 3, 1) and the payoff for r is (0, 0, 0). If player 2 plays R, then player 3 will play either l or r where the payoff for l is (0, 0, 0) and (1, 1, 3) for r. Importantly, player 3 does not know what player 2 will play (incomplete information). Furthermore, if player 1 chooses B, then the game is over and the payoffs are (2, 0, 0). Please help me find the perfect Bayesian Equilibria for this game and provide the relevant steps.



Answer :

Other Questions