Consider the following simultaneous move game:

a. What is the maximum amount player 1 should be willing to pay for the opportunity to move first instead of moving at the same time as player 2? Explain carefully.
b. What is the maximum amount player 2 should be willing to spend to keep player 1 from getting to movefirst?

Transcribed Image Text:

Player 2 StrategyY Yes No Yes 400, 400 600, 500 No 200, 375 300, 525 Player 1