Really great job. Thank you so much. I really love it. Thank you so much for all of your help.
a) Are there any dominant strategies in this game? What is the Nash equilibrium of the game?
b) Suppose now that the US has the option of committing to a strategy before Japan’s decision is reached. Model this situation by a game tree and solve it by backward induction
Comparing the answers in (a) and (b), what can you say about the value of commitment for the United States?
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