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# 82 - Homework 4 Summer 2010 Econ 445 Due Last day of Class...

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Unformatted text preview: Homework 4 Summer 2010 Econ 445 Due Last day of Class: Tuesday July 20th 1 Suppose players 1 and 2 are playing a repeated game. The game they repeat, the Stage Game, is given below: Hence they move simultaneously in the Stage game. 51) Suppose that the game is played only once. What is(are) the Nash Equilibrium (Equilibria)? 1)) Now suppose they play the game twice. Players observe all the previous actions in the ﬁrst period before they play in the second period. Find all the SPE of the game. Hint remember what I said in class about ﬁnitely repeated games and NE of the stage game. C) Now suppose they play the game N times, where at the start 'of each round/period, they observe all past actions. Find all the SPE of the game. Hint: this is an easy question if you got the question above right, and remember what I said in class. ...
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