Player

I

II

III

Period

1

2

3

1

2

3

1

2

3

$E\left(Y\right)$

1

$k_q$

6.0

$r_f$

0.05

$\sigma \left(Y\right)$

10.488

$K_j$

2807.190

2367.231

2006.917

${\beta }_j\left(k\right)$

3.0

3.0

3.0

3.8

3.8

3.8

4.6

4.6

4.6

$e_j\left(k\right)$

0.15

0.15

0.15

0.15

0.15

0.15

0.15

0.15

0.15

${\pi }_j\left(k\right)$

1.10

1.10

1.10

1.117

1.117

1.117

1.083

1.083

1.083

$N_j\left(k\right)$

433

2500

3279

433

2500

3279

433

2500

3279

equil/prem

1.676

1.633

1.676

1.619

1.590

1.638

1.685

1.660

1.741