Question
Use the following payoff matrix for a one-shot game to answer the accompanying questions. Player 2 Strategy X Y Player 1 A 10, 10 5,
Use the following payoff matrix for a one-shot game to answer the accompanying questions.
Player 2 | |||
Strategy | X | Y | |
Player 1 | A | 10, 10 | 5, 150 |
B | 150, 5 | 25, 25 |
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.
check all that apply
- (25, 25)unanswered
- (10, 10)unanswered
- (5, 150)unanswered
- (150, 5)unanswered
Which of these outcomes would you consider most likely?
multiple choice 1
(10, 10)
(25, 25)
(150, 5)
(5, 150)
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?
multiple choice 2
A
B
What outcome do you think would occur as a result?
multiple choice 3
(25, 25)
(10, 10)
(150, 5)
(5, 150)
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?
multiple choice 4
(150, 5)
(5, 150)
(10, 10)
(25, 25)
Can you help me with these answers, please
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