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Consider the game below. P2 16 I Tiht P1 up (19) m down 1 7 (a) What is the mixed strategy Nash equilibrium? What are

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Consider the game below. P2 16 I Tiht P1 up (19) m down 1 7 (a) What is the mixed strategy Nash equilibrium? What are Player 1 and Player 2's payoffs in this Nash Equilibrium? Note: Here, let p be the probability that P1 plays up and let q be the probability that P2 plays left.. (b) Would moving rst help either P1 or P2 in this game? Explain. Note: You should draw the extensive form of the game as part of your explanation

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