Consider the following sequential game: a. (1 point) Draw the extensive form of this game if A… 1 answer below »
Consider the following sequential game:
a. (1 point) Draw the extensive form of this game if A moves first. What is the equilibrium of the game?
b. (1 point) Draw the extensive form of the game if B moves first. What is the equilibrium of the game?
c. (1 point) Does player A prefer to move first or second? Explain your reasoning.
d. (1 point) Does player B prefer to move first or second? Explain your reasoning.