The better candidate for the state the world wins
Instructions
III. Equilibrium: Here you will identify the equilibrium concept (e.g. NE, BNE, SPNE, etc.) you use and derive the equilibria of the game. Be sure to clearly describe each equilibrium you find. (Part (b) of each topic below should appear here.)
IV. Analysis: Here you will place any comparative static analysis or introduce any modifications to the model along with the equilibrium solutions for those modified models. Draw any relevant conclusions from the comparisons of the equilibria of the variations on the model.
a) Depict this as a Bayesian game.
b) Find the Bayesian Nash Equilibria.
e) Commentators often lament the fact that many voters take cues from candidate endorsements from (seemingly politically engaged) elites, celebrities, or local community leaders, rather than becoming better informed about the issues themselves. Based on the analysis you completed above, do you agree or disagree with this lamentation? In what circumstances would you find it troublesome or not?
Or