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Use the following payoff matrix for a one-shot game to answer the accompanying questions. Player 2 Strategy X Y A 55, 55 -95, 20 Player
Use the following payoff matrix for a one-shot game to answer the accompanying questions. Player 2 Strategy X Y A 55, 55 -95, 20 Player 1 20, -95 35, 35 a. Determine the Nash equilibrium outcomes that arise if the players make decisions independently. simultaneously, and without any communication. Instructions: In order to receive full credit, you must make a selection for each option. For correct answer(s). click the box once to place a check mark. For incorrect answer(s). click twice to empty the box. O(20, -95) (35, 35) (55. 55) O (-95. 20) Which of these outcomes would you consider most likely? O (-95. 20) O (55. 55) D (35, 35) (20, -95) 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? OB OA What outcome do you think would occur as a result? O (55. 55) (-95. 20) O (20. -95) O (35, 35) c. Suppose player 2 can choose its strategy before player 1, that player 1 observes player 2's choice before making her decision, and that this move structure is known by both players. What outcome would you expect? (-95. 20) O (35, 35) (55. 55) O (20. -95)
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