GAME THEORY

Payoffs are (Filmaker; You) Nature (or Netflix) P Paul Greengrass Michael Bay 1-p Filmmaker Filmmaker High Waste of High Waste of Production Resources Production Resources Value Value You Watch Don't Watch Watch Don't Watch Watch Don't Watch Don't Watch Watch (8 ;15) (5 ;11) (3;8 ) ( 6 ;12) (7:15) (5:11) (9;8) (7 ;12) C. Find the condition on p such that {High Production Value/Waste of Resources; Watch} could be a BNE. 6 marks d. Find the condition on p such that {Waste of Resources/Waste of Resources; Don't Watch} could be a BNE. 2 marks. e. Bonus: Is it ever possible to have a BNE with {High Production Value/High Production Value; Watch}? Explain why or why not. 1 mark.Ted Nugent Delusion Raise a That he Spout Ruckus Matters Nonsense Alexis Jones Alexis Jones Shill Shill Health Shout Shout Shill Health Crap Shout Health Loudly Loudly Crap Loudly Crap (8; 5) (5;3) (4;2) (7;2) (3; 6) (11;7) Find the SPNE. 3 marks