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Choose a strategic situation from your life and summarize it as a two-player game. a.Make sure you specify the players, their strategies, the timing, and
Choose a strategic situation from your life and summarize it as a two-player game.
a.Make sure you specify the players, their strategies, the timing, and the payoffs.
b.Solve the game using dominance and Nash equilibria.
c.Discuss whether there is something interesting/surprising in the solution.
Consider whether alternative timing (leadership of either player) may produce different outcomes, and whether it is an advantage or disadvantage for the leader.
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