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Give a real-world example of an activity where yourpayoff (utility) is not determined just by your own actions, but also on the actions of others.

Give a real-world example of an activity where yourpayoff (utility) is not determined just by your own actions, but also on the actions of others.

  • Be specific in describing how the actions of others impacts your utility.
  • Describe the set of actions the other person may take (their strategies)
  • Describe the set of actions you may take (your strategies)
  • Include at least two strategies for the other person and at least one possible strategy for yourself.

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