Suppose Andrew and Beth are playing a game in which both must simultaneously choose the action...

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Suppose Andrew and Beth are playing a game in which both must simultaneously choose the action Left or Right. The payoff matr

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Answer 1

Answer #1

When Beth chooses left, Andrew gets a higher payoff by choosing right.

When Beth chooses right, Andrew gets a higher payoff by choosing right.

So, right is the dominant strategy for Andrew. Beth does not have a dominant strategy.

The only dominant strategy in this game is for "Andrew" to choose "right".

So, Andrew always chooses right. Given this situation, Beth chooses left, which gives her a greater payoff than right.

So,

The outcome reflecting the unique Nash equilibrium in this game is as follows: Andrew chooses "right" and Beth chooses "left".

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Answer 2

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