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Question 2: Static Game Theory Suppose two players are playing a game, Even and Odd. Each player has a quarter and must secretly turn the
Question 2: Static Game Theory Suppose two players are playing a game, Even and Odd. Each player has a quarter and must secretly turn the quarter to heads or tails. The players then reveal their choices simultaneously. If the quarters match (both heads or both tails), then Even keeps both quarters and wins one from Odd (+25 for Even, -25 for Odd). If the quarters do not match (one heads and one tails) Odd keeps both quarters, and wins one from Even (-25 for Even, +25 for Odd). (a) Please draw the payoff matrix for this game. (b) Does Even have a dominant strategy? Why or why not? () Does Odd have a dominant strategy? Why or why not? (d) Is there a Nash Equilibrium of this game
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