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1. Use the following payoff matrix for a oneshot game to answer the accompanying questions Strategy Player 1 a. Determine the Nash equilibrium outcomels) that
1. Use the following payoff matrix for a oneshot game to answer the accompanying questions Strategy Player 1 a. Determine the Nash equilibrium outcomels) that arisels) if the players make decisions independently, simultaneously and without any communication. Which outcome would you consider most likely? Explain b. Suppose player 2 can choose her strategy before player 1, that player 1 observes player 2's choice before making her decision, and that this move structure is known to both players. What outcome would you expect? Explain
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