Q29 (1 point) Consider the stage game shown in Table "SPNE in a repeated game". Suppose this game is played twice. What

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Q29 1 Point Consider The Stage Game Shown In Table Spne In A Repeated Game Suppose This Game Is Played Twice What 1 (37.93 KiB) Viewed 22 times

Q29 (1 point) Consider the stage game shown in Table "SPNE in a repeated game". Suppose this game is played twice. What are the minimum values of 8₁ and 82 that are needed to support the play of a3, b₁ in the first stage as part of an SPNE? Table: SPNE in a repeated game 2 b₁ b₂ b3 α1 (10,10) (2,12) (0,13) 1 (12,2) (5,5) (0,0) az (13,0) (0,0) (1,1) 1) Play of a3, b₁ in the first stage cannot be supported as part of an SPNE for any 61 and 82 values between 0 and 1. 2) 1 ≥ 1/4 and 82 ≥ 1/2. 3) 1 1/2 and 8₂ ≥ 1/4. 4) 81 ≥ 0 and 82₂ ≥ 1/4. 5) None of the above. az