Use the following payoff matrix for a one-shot game to answer the accompanying q
ID: 1099292 • Letter: U
Question
Use the following payoff matrix for a one-shot game to answer the accompanying questions.
Player 2
Strategy
X
Y
Player 1
A
30, 30
-80, 12
B
12, -80
14, 14
a. Determine the Nash equilibrium outcomes that arise if the players make decisions independently, simultaneously, and without any communication.
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Which of these outcomes would you consider most likely?
b. Suppose player 1 is permitted to
Player 2
Strategy
X
Y
Player 1
A
30, 30
-80, 12
B
12, -80
14, 14
Explanation / Answer
14,14