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 16, -50 B -50, 16 50, 50 A. Determine the Nash equilibrium outcomes that arise if the players make decisions independently, simultaneously, and without any communication. check all that apply (16, −50) (−50, 16) (30, 30) (50, 50) Which of these outcomes would you consider most likely? multiple choice (16, −50) (50, 50) (−50, 16) (30, 30) B. Suppose player 1 is permitted to “communicate” by uttering one syllable before the players simultaneously and independently make their decisions. What should player 1 utter? multiple choice A or B What outcome do you think would occur as a result? multiple choice (−50, 16) (16, −50) (30, 30) (50, 50) c. Suppose player 2 can choose its strategy before player 1, that player 1 observes player 2’s choice before making her decision, and that th
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 | 16, -50 |
| B | -50, 16 | 50, 50 |
A. Determine the Nash equilibrium outcomes that arise if the players make decisions independently, simultaneously, and without any communication.
check all that apply
(16, −50)
(−50, 16)
(30, 30)
(50, 50)
Which of these outcomes would you consider most likely? multiple choice
(16, −50)
(50, 50)
(−50, 16)
(30, 30)
B. Suppose player 1 is permitted to “communicate” by uttering one syllable before the players simultaneously and independently make their decisions. What should player 1 utter? multiple choice
A
or
B
What outcome do you think would occur as a result? multiple choice
(−50, 16)
(16, −50)
(30, 30)
(50, 50)
c. Suppose player 2 can choose its strategy before player 1, that player 1 observes player 2’s choice before making her decision, and that this move structure is known by both players. What outcome would you expect? multiple choice
(30, 30)
(16, −50)
(50, 50)
(−50, 16)
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