Game could finish here

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Game could finish here
NE at second stage
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The NE for the second stage
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Two NE chicken game
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If Global already invested
Rollback equilibrium
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NE
Jointly optimal
Rollback equilibrium
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Additional equilibrium?
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Rollback equilibrium
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Rollback equilibrium
4 NE
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If Talia first
If Nina first
If Emily first
New bad NE (from simultaneity)
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Weakly dominates
Weakly dominates
Weakly dominates
Weakly dominates
Weakly dominates
Weakly dominates
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Rollback (SPE) equilibrium (reorder players!)