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Consider the following two-player game. S; = [0, 1], for i = 1, 2. Payoffs are as follows. U1($1, $2) = 200 if $1 =
Consider the following two-player game. S; = [0, 1], for i = 1, 2. Payoffs are as follows. U1($1, $2) = 200 if $1 = $2, and -100 otherwise and U2($1, $2) = 200 - [$2 - 51 - (1/8)]8 (a) Describe B1. Explain. se (b) Describe B2. Explain. Hint: it's not necessary to use calculus to answer any part of this question. tion
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