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The Three Parts of this Tutorial
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A Single-Agent Sequential Decision Problem
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Representation and Strategies in a Sequential Game
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Non-Credible Threats
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Sub-Game Perfect Equilibria
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The Centipede Game
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Cooperation in the Infinitely Repeated Prisoner's Dilemma
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Framing Bias
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Ultimatum Game
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The Level-k Model
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Level-k in the Beauty Contest Game
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Solving Static Games with Gambit
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Solving Dynamic Games with Gambit
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3.2 Sub-Game Perfect Equilibria » Quiz Solution
Lesson 3 : What is the player 1's (P1) subgame perfect equilibrium strategy in the game above?
(a) A
(b) B
(c) C
(d) D
First, figure out what player 2 would play for each of player 1's possible actions. Then, pick the strategy for player 1 that gives the highest payout conditional on player 2 best responding to whatever player 1 chooses.