1. (25 points) \"'e're going to revisit the twoparty equilibrium problem from Homework 3. To refresh your memory [and simplify notation slightly), the payoff for party i. can be written as ,(ir,._:r_, = P(I,;,:r_,-)l/;(;1:,;) where P(-) is the probability of winning and V,;(-) is the value of winning for that specic party. Again, we'll assrmie without loss of generality that party 1 is \"to the left\" or \"to the negative I" of party 2 that is that argmaxIV1(:r) = :31