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Two fishermen (Andy and Bob)are fishing in the same lake. each can either fish for 5 or 6 hours. their payoffs depend on how much
Two fishermen (Andy and Bob)are fishing in the same lake. each can either fish for 5 or 6 hours. their payoffs depend on how much time each of them fishes: If they fish for 6 hours, Andy's payoff is 2 fish and Bob's payoff is 2 fish. If they each fish for 5 hours, Andy's payoff is 3 fish and Bob's payoff is 3 fish. If one fishes for 5 hours and the other 6, then the pay off of the former is 1 fish and of the latter is 4 fish. Find each player's best response and the nash equilibirum.
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