Suppose Carlos and Deborah 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 Carlos chooses Right and Deborah chooses Right, Carlos will receive a payoff of 6 and Deborah will receive a payoff of 5. DeborahLeftRightCarlosLeft8, 44, 5Right5, 46, 5 The only dominant strategy in this game is for to choose . The outcome reflecting the unique Nash equilibrium in this game is as follows: Carlos chooses and Deborah chooses . * MindTap - Cengage Learningb Answered: Homework (Ch 17) En x+A ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=59828118170010561930692029148&elSBN=9780357133606&id=1270090919&snapshotld=2556323&E Apps M GmailA Maps A clickserve.dartsearc.E Reading listYouTube«* CENGAGE MINDTAPQ Search this courseLove vA My HomeHomework (Ch 17)7. Solving for dominant strategies and the Nash equilibriumCoursesSuppose Carlos and Deborah are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that followsO Catalog and Study Toolsshows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Carlos chooses Right andA-ZEE Rental OptionsDeborah chooses Right, Carlos will receive a payoff of 6 and Deborah will receive a payoff of 5.P College Success TipsDeborahCareer Success TipsLeftRight? Help8, 44, 5LeftCarlosRight5, 46, 5O Give FeedbackLeftRightbongeThe only dominant strategy in this game is forto choose vThe outcome reflecting the unique Nash equilibrium in this game is as follows: Carlos choosesv and Deborah choosesGrade It NowSave & ContinueContinue without saving1:41 PMO Type here to searchL31%68°FA O O O 4)12/1/2021x ...近 * MindTap - Cengage Learningb Answered: Homework (Ch 17) En x+A ng.cengage.com/static/nb/ui/evo/index.html?deploymentld=59828118170010561930692029148&elSBN=9780357133606&id=1270090919&snapshotld=2556323&E Apps M GmailA Maps A clickserve.dartsearc.E Reading listYouTube«* CENGAGE MINDTAPQ Search this courseLove vA My HomeHomework (Ch 17)7. Solving for dominant strategies and the Nash equilibriumCoursesSuppose Carlos and Deborah are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that followsO Catalog and Study Toolsshows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Carlos chooses Right andA-ZEE Rental OptionsDeborah chooses Right, Carlos will receive a payoff of 6 and Deborah will receive a payoff of 5.P College Success TipsDeborahCareer Success TipsLeftRight? Help8, 4Left4, 5CarlosRight5, 46, 5O Give FeedbackDeborahCarlosbongeThe only dominant strategy in this game is forto choose ▼The outcome reflecting the unique Nash equilibrium in this game is as follows: Carlos choosesv and Deborah choosesGrade It NowSave & ContinueContinue without saving1:41 PMO Type here to searchL31%68°FA O O O 4)12/1/2021x ...近

Given pay matrix:- As per given information:- When Carlos chooses 'Left', Deborah will choose 'Right' ( 5 > 4). When Carlos chooses 'Right', Deborah will still choose 'Right' (5>4). i.e. Deborah has the dominant strategy and he will opt 'Right'. When Deborah chooses 'Left', Carlos will choose 'Left' (8>5). When Deborah chooses 'Right', Carlos will again follow him and choose 'Right' (6>4). i.e. Carlos has no dominant strategy and he will follow the Deborah. We can say that both will choose 'Right' to reach at Nash Equilibrium.Thus we can conclude that:- The only dominant strategy in this game is for Deborah to choose 'Right'. The outcome reflecting the unique Nash equilibrium in this game is as follows: Carlos chooses 'Right' (follows to Deborah) and Deborah chooses 'Right' (has dominant strategy.)