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Consider a simple game friends play. When greeting each other, you both have the

ID: 2899506 • Letter: C

Question

Consider a simple game friends play. When greeting each other, you both have the option to either "high five" or to "syke". A common definition of "syke" is, 4. Basicly [sic] street slang for pretending, used in place of "playin" or "jokin" Basicly [sic] street slang for pretending, used in place of "playin" or "jokin" 1 Units of happiness for your friend and you are reported in the payoff matrix below. A payoff of-5 units gives you the least amount of happiness (you are unhappy) and a payoff of 40 units gives you the most amount of happiness (you are very happy). Your friend and you face the following payoff matrix as you decide whether to "high five" or "syke":

Explanation / Answer

A) I have a dominant statergy in SYKE

B) friends dominant statergy is SYKE

C) NASH equibilirium I am as also HIGH FIVE and friend also HIGH FIVE and I am also SYKE and friend also SYKE