In two-player one-shot simultaneous-move game each player

Reference no: EM13389570

In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $500. If both players choose strategy B, each earns a payoff of $100. If player 1 chooses strategy A and player 2 chooses strategy B, then player1 earns $0 and player 2 earns $650. If player 1 chooses strategy B and player 2 chooses strategy A, then player 1 earns $650 and player 2 earns $0.

a. Write the above game in normal form.

b. Find each player's dominant strategy, if it exists.

c. Find the Nash equilibrium (or equilibria) of this game

d. Rank strategy pairs by aggregate payoff (highest to lowest)

Reference no: EM13389570

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