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| Topic: |
Business
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| Number of pages / Number of words: |
8 / 2157 |
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Model the game as follows:
In round one, BSB can either stay in the game or exit. In round two, Sky faces the same choice (within an information set). This continues, in alternating logical sequence, up to round k. Assume the following payoffs. If BSB exits in round one, it earns a payoff of 0. If it exits at any later point, it earns a strictly lower payoff - lower the later it exits...
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In round two, Sky faces the same choice (within an information set). This continues, in alternating logical sequence, up to round k. Assume the following payoffs. If BSB exits in round one, it earns a payoff of 0. If it exits at any later point, it earns a strictly lower payoff - lower the later it exits...
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