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Q: Give me a NEW example taken from real-life situations where we can apply sequential move game for two players. (Game Theory)
a) Draw the extensive form of this game.
b) Specify and explain the Nash equilibrium in your example
c) Find the subgame perfect Nash equilibrium.
Let below be the example of a 2*2 game with Ethel and Sfeir be the two players. Their strategies are either Veer or Do not Veer. The pay-offs are as follows:
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