Find the error in the game tree. Nature chooses player 1\'s type which is L1 wit

Question

Find the error in the game tree.

Nature chooses player 1's type which is L1 with probability p1 and H1 with probability 1-p1, and chooses player 2's type, which is L2 with probability p2 and H2 with probability 1-p2. After players learn their type, they simultaneously choose actions;player 1 chooses between a and b and player 2 between c and d.

WITH PRIVATE YOU TKNOW: GAMES WITH PRIVATE INFORMATION CHAPTER 10: I KNOW SOMETHING CHAPTER 10:I KNOW SOMETHING YOU DON'T KNOW: GAMES Nature Type L, Probability p Type H, Probability = 1-P, ste Nature Type L2 Probability = p2 Type H2 Probability Type L2 Probability = p2 Type H Probability 2 Player 1 2 34 1 3 2 0 o 5 Player 2 5 1 4 0 2 6 3 4 3 4 6 3 5 1 4 3 4 3 3 2 B612 SELFIE 17. Consider tho

Explanation / Answer

Player1 is [L1,H1]=(p1,1-p1) and player2 is [L2,H2]=(p2,1-p2) And given is [L1 H1 ] [a b] [L2 H2] [c d] Here players learn their type, they simultaneously choose actions;player 1 chooses between a and b and player 2 between c and d. But the error is player 1 must choose between a and c and player 2 between b and d.

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