Consider the following incomplete-information game. First,

Last updated: 8/6/2022

Consider the following incomplete-information game. First, nature chooses between one of the following two A and B tables, each with probability 0.5: Then, players 1 and 2 simultaneously choose U or D and L or R, respectively, and obtain payoffs according to the table chosen by nature. (a) Suppose player 2 does not observe nature's move. Does player 1 benefit from information? (b) Suppose player 1 observes nature's move. Does player 2 benefit from information?