Instruction: Find a news article and use it to develop a strategic interaction scenario.

1.Find a news article that describes an interaction between two or more "players"(individuals/households/firms/countries, etc.). Provide a brief description of the article and the nature of the interaction.

2.Define the players (player #1and player #2), for simplicity assume that there are only two players. If there are more than two players involved in the interaction, please choose only two players to focus on.

3.What are the possible strategies for the players? Each player should have at least two strategies.

4.Make a payoff table(matrix)to illustrate the strategic interaction. Assign real or hypothetical payoffs for both players. If you are using hypothetical payoffs, please briefly explain and justify your reasoning behind them.

5.Find the Nash equilibrium of the game