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Consider the strategic form game depicted below. Each of two countries must simultaneously decide on a course of action. Country 1 must decide whether to
Consider the strategic form game depicted below. Each of two countries must simultaneously decide on a course of action. Country 1 must decide whether to keep its weapons or to destroy them. Country 2 must decide whether to spy on country 1 or not. It would be an international scandal for country 1 if country 2 could prove that country 1 was keeping its weapons. The payoff matrix is as follows. Does either player have a strictly dominant strategy? Does either player have a weakly dominant strategy? Find a Nash equilibrium in which neither player employs a weakly dominant strategy
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