Problem
Paul and Susie each pick an integer between 1 and 5 (inclusive). They make their choices simultaneously. If they pick the same number, each receives a payoff (in dollars) equal to the number they named. If they pick different numbers, they receive nothing. Draw a table representing this game, showing the players' strategies and payoffs. Does either player have a dominant, weakly dominated or dominated strategy? Identify all the Nash equilibria. Are all equally plausible? Why or why not?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.