Game theory can be used to analyze conflicts that arise between managers and workers. Managers can choose to monitor worker performance, or not monitor worker performance. For their part, workers can choose to perform the requested task within the time frame requested, or fail to perform as requested. The resulting payoff matrix for this one-shot, simultaneous move game shows the payoff to managers (first number) and workers (second number).

A. Document the fact that there is no Nash equilibrium strategy for each player.
B. Explain how each player will have a preference for secrecy in the absence of Nash equilibrium and how randomized strategies might be favored in suchcircumstances?

Workers Work Perform (Left) -$1,000, $1,000 S1,000, -S1,000 Fail to Perform (Right) $1,000, -S1,000 -$1,000, $1,000 Strategy Managers Monitor (Up") Don't Monitor CDown