Assignment:
William and Henry are participants in a televised game show, seated in separate booths with no possibility of communicating with each other. Each one of them is asked to submit, in a sealed envelope, one of the following two requests (requests that are guaranteed to be honored):
- Give me $1,000.
- Give the other participant $4,000.
- Describe this situation as strategic-form game. What is the resulting game? What will the players do, and why?
Your answer must be, typed, double-spaced, Times New Roman font (size 12), one-inch margins on all sides, APA format and also include references.