In the following sequential decision tree,Alpha chooses a strategy first and then Beta chooses a strategy.Using backwards inductions,determine the Subgame Perfect Nash Equilibrium strategies and payoffs?
Definitions:
Terminations
The act of ending the employment of an employee or group of employees for various reasons including redundancy, misconduct, or organizational changes.
Demotions
The act of lowering an employee's rank or position, often as a result of organizational changes or performance issues.
Human Capital Stock
Refers to the collective skills, knowledge, and experience possessed by an organization's workforce, considered an asset in terms of production capacity.
HR Surplus
A situation where the number of employees exceeds the labor requirements of the organization.
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