Suppose Rajiv and Simone 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 Rajiv chooses Right and Simone chooses Right, Rajiv will receive a payoff of 5 and Simone will receive a payoff of 5. Simone Left Right Left 6, 6 6, 3 Rajiv Right 4, 3 5, 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: Rajiv chooses and Simone chooses

Q: a) What is the Nash equilibrium in this game?

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Q: 23

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