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You and your partner are choosing how much effort to put towards a group project for a course. You both care about the quality of
You and your partner are choosing how much effort to put towards a group project for a course. You both care about the quality of the project, which increases in both of your effort choices. But you both also pay a cost of effort. You are enjoying the course much more than your partner, so your cost of effort is lower. Where yand p denote the amount of effort put by you and your partner, respectively, . Your payoff is (5pr y3. . Your partner's payoff is 60y}! 3113. Decisions about effort provision are made simultaneously. Answer the following questions about the set of pure strategy Nash equilibria of this game. Please round to 3 decimal places where rounding is needed. a] In one pure strategy Nash equilibrium, you put more effort towards the project than your partner. In this Nash equilibrium, what is your effort level? E bl In one pure strategy Nash equilibrium, you put the same level of effort towards the project as your partner. In this Nash equilibrium, what is your effort level? E
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