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What are the two pure strategy nash equilibria of this game

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Case Study: Last year people panicked about shops running out of goods because of the corona virus. Two people, Collin and Rowena, are deciding whether to buy lots of toilet paper (Hoard) or only a little toilet paper (Don't Hoard). If they both hoard then they both get toilet paper but their living room is filled with toilet paper (which they don't like). If one hoards and the other doesn't, then the one who doesn't gets no toilet paper - which they really don't like. If neither hoards they both get toilet paper and they don't have a living room filled with toilet paper.

Question 1: What are the two Pure Strategy Nash Equilibria of this game?

Question 2: Does this game have a dominant strategy equilibrium?

Question 3: Is there an equilibrium that both players prefer? If so, what is it?

 

Reference no: EM133525902

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