Question: Consider the following simultaneous move game: a. What is the maximum amount player 1 should be willing to pay for the opportunity to move first

Consider the following simultaneous move game:

Player 2 Strategy Yes No Yes 200, 225 400, 100 Player 1

a. What is the maximum amount player 1 should be willing to pay for the opportunity to move first instead of moving at the same time as player 2? Explain carefully.

b. What is the maximum amount player 2 should be willing to spend to keep player 1 from getting to move first?

Player 2 Strategy Yes No Yes 200, 225 400, 100 Player 1 No 100, 100 350, 200

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