Is there a first mover advantage characterize equilibrium

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Reference no: EM133300690

Problem: Despite the warning of several countries including the U.S., Russia started invading Ukraine on February 24 of 2022. From a game theory perspective, this can be simplified as a two-player game with Russia as one player, and the combination of Nato and US. as the other player. Russia has two strategies - to invade Ukraine or not to invade Ukraine. The other player has two strategies - to assist Ukraine with strong military confrontation with Russia or not to do so.

Question 1: Is this game more similar to the sequential move of the prisoner's dilemma game or the chicken game? Explain your answer.

Question 2: Is there a first-mover advantage? Characterize the equilibrium, i.e., how will the players choose what strategies sequentially?

Reference no: EM133300690

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