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  3. question 3 player a 1171 b 11 45 player i...

Question: question 3 player a 1171 b 11 45 player i...

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QUESTION 3 Player A 1,17,1 B 1,-1 4,5 Player I Consider the stage game above and suppose it is repeated twice without discounting. There exist a SPNE in which the first period outcome is (B,D). To support this SPNE player 1 plays action B in the first period and action period, and plays action in the second period. Player 2 plays action D in the first in the second if the first period outcome was (B,D) and plays action otherwise
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