The Row player and the Column player in the game below each have two pure strategies: SAFE or RISKY (call them S and R). Answer the following regarding this game.
(a) Find all Nash equilibria to the game below.
(b) What are the players' expected payoffs in each Nash equilibrium?
|
Safe |
Risky |
Safe |
4,4 |
4,1 |
Risky |
1,4 |
6,6 |