Suppose Hubert and Kate are playing a game in which both must simultaneously cho

Question

Suppose Hubert and Kate are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Hubert chooses Right and Kate chooses Right, Hubert will receive a payoff of 6 and Kate will receive a payoff of 5. The only dominant strategy in this game is for choose The outcome reflecting the unique Nash equilibrium in this game is as follows: Hubert chooses and Kate chooses

Explanation / Answer

1. The only dominant strategy in this game is for Kate to choose Right.

2. The outcome reflecting the unique Nash equilibrium in this game is as follows: Hubert chooses Right and Kate chooses Right.

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