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Part 2 - 15 Marks Your game theory tasks for Part 2 are as follows: Read the following key article 2: litico.com news ma azine
Part 2 - 15 Marks Your game theory tasks for Part 2 are as follows: Read the following key article 2: litico.com news ma azine 2022 {I4 21 russiasanctions ametneor 430025566. You are to construct a relevant payoff matrix {in numbers only} for the Russia-NATO strategic game described in key article 2. To help you construct the payoff matrix, here are the key parameters and assumptions: I There are two players \"Player 1' is Russia, and 'Player 2' is NATO. I Each player has a different set of strategies: 0 'Player 1' can either 'transgress' or 'not transgress'. 0 'Player 2' can either 'sanction' or 'not punish'. I Each strategy has an associated payoff. I Assume that players act rationally. Think of this as a sequentially played game with multiple rounds: 'Player 1' chooses a strategy first, and then the 'Player 2' moves. In this game, you will need to work out what the associated numerical (hypothetical) payoffs are. Explain what the likely outcome of this game is when: (a) Russia transgresses; and (h) Russia chooses not to transgress. In each case (a) and (b), compare the payoffs in the quadrants for likely outcome vs. the unlikely outcome of the game. Do some additional research and discuss several reasons as to why and what sanctions against Russia are an appropriate policy choice.| [800 to 1000 or so words is the suggested amount for Part 2] [15 marks]
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