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Player 1 can stay at home or y to New York, in which case Player 2 can meet Player 1, who can then buy a
Player 1 can stay at home or y to New York, in which case Player 2 can meet Player 1, who can then buy a drink for Player 2. See the game below. Which of the following completely describes a possible strategy for Player 1? Buy - 1, 2 1 drink Fly to Meet New York Stay home 0 0 0 Stay home 0 Stay home and Don't buy drink 0 Fly to New York and Meet 0 Stay home or Fly to New York Player 2 R N 20, 12 0, 14 E Player 1 4, 8 8, 4 S 10, 2 2, 18 W 6, 6 6, 6 ) . If 1 believes that 2 plays a mixed strategy (0.25, 0.75), i.e. with 25% probability of L and 75% probability of R, which of 1's strategies has the highest expected payoff? ON OE S Ow 2. If 2 actually plays a mixed strategy (0.25, 0.75), i.e. with 25% probability of L and 75% probability of R, which of 1's strategies would give 2 the highest expected payoff? ON OE O S O W
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