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3. (30 points] Consider the following ooordination game. Two people can perform a task if. and only if. they both work. The cost of effort
3. (30 points] Consider the following ooordination game. Two people can perform a task if. and only if. they both work. The cost of effort is 0 == o s 1; and if the task is performed their payoff is 1 each. Player 2 Shirk Work 3mm m- 1ll'tlork -o,D Find all pure and mixed Nash equilibria of this game. How does the mixed strategy equilibrium change as o inoreases? Player 1
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