How should the row player act

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Reference no: EM1344139

Q. Identify the equilibrium outcome(s) in every of the 3 payoff tables.

I.
R1, C1 = 12, 10
R1, C2 = 10, 4
R2, C1 = 4, 8
R2, C2 = 9, 6

II.
R1, C1 = 12, 10
R1, C2 = 4, 4
R2, C1 = 4, 4
R2, C2 = 9, 6

III.
R1, C1 = 12, 10
R1, C2 = 4, 4
R2, C1 = 4, -100
R2, C2 = 9,6

a. In every table, predict the exact outcome which will occur also explain your reasoning.

b. In table III, Assume the column player is worried which the row player might choose R2. Given this risk, how should the column player act? Anticipating the column player's thinking, how should the row player act?

Reference no: EM1344139

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