Economic and Game Theory
|"Inside every small problem is a large problem struggling to get out."|
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I am strugling to solve the third question of this exam. Can someone help me to solve it?
Basically, when I solve it I only find one NE ( i.e. Lr). This issue is that there are supposed to be many NE. I checked for mixed strategy NEs but there wasn't any. Furthermore, I don't know how to prove that it is a BNE. [Manage messages]