Assignment task: Simultaneous Move Games
(A) What are the ingredients of a simultaneous-move game? Show (using simple examples) how one might propose a "solution" for such games. Comment on the strengths and weaknesses of your solution concept(s).
(B) Document a situation in which game-theoretic analysis explains the outcome, and also a situation in which the outcome deviated from the prediction(s). For the second case, why did the prediction fail?