Game Theory

You are considering going to see the new film, say the one starring Bob Odenkirk (of all people) as some kind of ex-assassin tough guy. You don't know whether the producers decided to be reasonably original or at least good, or whether they produced boring garbage, and you don't know whether they are of "Paul Greengrass" type or "Michael Bay" type. The game is as follows: 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