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Use the following payoff matrix for a one-shot game to answer the accompanying questions. 5 Player 2 Strategy X Y A 14, 14 2, -80
Use the following payoff matrix for a one-shot game to answer the accompanying questions. 5 Player 2 Strategy X Y A 14, 14 2, -80 Player 1 B -80, 2 30, 30 a. Determine the Nash equilibrium outcomes that arise if the players make decisions independently, simultaneously, and without any communication. 13 Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s), click the box once to points place a check mark. For incorrect answer(s), click twice to empty the box. Skipped ? (2, -80) Print ? (30, 30) ? (14, 14) ? (-80, 2) Which of these outcomes would you consider most likely? O (14, 14) O (30, 30) O (-80, 2) O (2, -80) b. Suppose player 1 is permitted to "communicate" by uttering one syllable before the players simultaneously and independently make their decisions. What should player 1 utter? OA OB
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