Ch12 Game-theoretic Approach

6. Pat and Chris have arranged to meet for a date tonight and have sent emails to one another proposing locations for their meeting: Pat suggests Rulloff's and Chris suggests Joe's. Before they can agree on a location, the school's e mail and phone systems go down, so they each have to choose their meeting place Without further communication. Their payoffs for each potential outcome are as given in the matrix below. If each is rational and self-interested, and each knows the other's payoffs and understands the theory of games, what will happen? (LO2, LO4) Chris Rulloff's Joe's 20 for Pat 0 for Pat Rulloff's 10 for Chris 15 for Chris Pat 5 for Pat 10 for Pat Joe's 5 for Chris 20 for Chris