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4. Nash Equilibrium I People who are regularly late often don't bother to carry watches. In response, other people tend to adjust to their tardiness

4. Nash Equilibrium I People who are regularly late often don't bother to carry watches. In response, other people tend to adjust to their tardiness by starting meetings 10 minutes after they're scheduled, coming to lunch appointments 10 minutes late, and so on. Analyze the following coordination game which explains this behavior. Harry Be Punctual Always Late Tom Be Punctual 100, 100 80, 85 Always Late 85, 80 95, 95 Which of the following sets of strategies are Nash equilibria? Check all that apply. {Always Late, Be Punctual} {Be Punctual, Always Late} {Always Late, Always Late} {Be Punctual, Be Punctual}

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