There are two players, 1 and 2. At the first stage, player 1 chooses whether to play the following simultaneous move game:  L RU 2,2 0,0D 0,0 4,4If player 1 chooses "play" at the first stage, player 1 and 2 play the above simultaneous move game; If player 1 choose "not play" at the first stage, both players get the payoff of 3. How many SPE does the game have?   Group of answer choices1234

Find the SPE of the following game. (Note: the game is the same as before except that this has no red circle).   Group of answer choices(Rlr,dr)(Rr,dr)(Rrl,dr)(Rr,r)

Consider the following sequential game. Wally first chooses L or H. Having observed Wally’s choice, Elizabeth chooses between A and F. The payoffs are as follows. If Wally chose L and Elizabeth chose A, the payoffs are 30 to Wally and 20 to Elizabeth. If Wally chose L and Elizabeth F, the payoffs are 40 to Wally and 10 and to Elizabeth. If Wally decides to opt for H and Elizabeth A, the payoffs are 10 and 2 to Wally and Elizabeth, respectively. Finally, if Wally opts for H and Elizabeth F, the payoffs are 35 toWally and 5 to Elizabeth. What is the outcome in the subgame perfect equilibrium of this game?Group of answer choices(L,F)(H,A)(H,F) and (L,F)(L,A) and (H,F)(H,F)

Consider the following game in which Sally can play T or B and John chooses between L or R. Each player makes their choice simultaneously. If Sally chooses T and John chooses L, Sally gets a payoff of 3 and John has a payoff of 7. If Sally plays T and John R, Sally’s payoff is 5 and John gets 1. If Sally Chooses B and John L, the payoffs are 1 to Sally and 2 to John. Finally, if Sally chooses B and John R, the payoffs are 4 to Sally and 3 to John. What are the Nash equilibria of the game?Group of answer choices(T,L) and (B,R)(T,L)(B,R)None of the other answers are correct.(T, R)

Consider a game in which Myer and DJs simultaneously choose whether to advertise (ADV) or not advertise (NOT). If both firms opt to ADV, the payoffs are 10 to Myer and 7 to DJs. If both firms choose NOT, the payoffs are (5,8) where the first payoff is Myer’s and the second DJs’. If Myer plays NOT and DJs ADV, the payoffs are (20, 6). Finally, if Myer plays ADV and DJs Not, the payoffs are (15, 12), respectively. Which statement is (most) true?Group of answer choicesDJs has a dominant strategy.Myer does not have a dominant strategy.Myer’s best response to a strategy of ADV by DJs is to play NOT.The Nash equilibrium is (ADV, NOT), for Myer and DJs respectively.All of the above statements are true.

Find the Nash Equilibrium/ Equilibria of the game below (the first payoff is for player 1): Player 2 Player 1 Left RightUp  (30, 40) (25, 30)Down (60, 10) (35, 45) Group of answer choices(Up, Right)(Up, Left)(Down, Right)(Down, Left)None of the other answers are correct