Consider the following sequential game.Wally first chooses L or H.Having observed Wally's choice, Elizabeth chooses between A and F.The payoffs are as follows.If Wally chose L and Elizabeth chose A, the payoffs are 20 to Wally and 30 to Elizabeth.If Wally chose L and Elizabeth F, the payoffs are 25 to Wally and 40 and to Elizabeth.If Wally decides to opt for H and Elizabeth A, the payoffs are 30 and 20 to Wally and Elizabeth, respectively.Finally, if Wally opts for H and Elizabeth F, the payoffs are 20 to Wally and 50 to Elizabeth.What is the outcome in the subgame perfect equilibrium of this game?
A)(H, A)
B)(L, F)
C)(H, F)
D)(L, A)
E)(L, F) and (H, A)

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The Answer of Consider the following sequential game.Wally first chooses L or H.Having observed Wally's choice, Elizabeth chooses between A and F.The payoffs are as follows.If Wally chose L and Elizabeth chose A, the payoffs are 20 to Wally and 30 to Elizabeth.If Wally chose L and Elizabeth F, the payoffs are 25 to Wally and 40 and to Elizabeth.If Wally decides to opt for H and Elizabeth A, the payoffs are 30 and 20 to Wally and Elizabeth, respectively.Finally, if Wally opts for H and Elizabeth F, the payoffs are 20 to Wally and 50 to Elizabeth.What is the outcome in the subgame perfect equilibrium of this game?
A)(H, A)
B)(L, F)
C)(H, F)
D)(L, A)
E)(L, F) and (H, A)

Consider the Following Sequential Game