Question
Hello! I need help with this question (and thank you): Simultaneous-Move Games: Two players, Rowan and Coleen, are each given two cards: a 2 of
Hello! I need help with this question (and thank you): Simultaneous-Move Games: Two players, Rowan and Coleen, are each given two cards: a 2 of clubs and a 3 of hearts. Rowan and Coleen must simultaneously select one of their cards to play. If the player's cards match, they each receive $2 for matching clubs and $3 each for matching hearts. They receive $0 if their cards do not match. Use this information to answer the following questions. a. Draw the normal form (i.e. payoff matrix for this game). Make Rowan the row player and Coleen the column player in your matrix. b. Do either of the players have a dominant strategy in this game? Explain briefly. c. Find and properly state the Nash equilibria of this game.
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