1)Flip a coin. If you get heads, you will be a tit-for-tat player in the first round. If you get tails, you will be an all-O player. Please flip the coin only once, and abide by the outcome so that your type will be truly random. Do not tell other people in the group which type you are.My coin toss resulted in _________.The actions in the first rounds were (write C for cooperate, O for opportunism): 1 2 3 4 5 PayoffMe __ __ __ __ __ __Other 1 __ __ __ __ __ __ 1 2 3 4 5Me __ __ __ __ __ __Other 2 __ __ __ __ __ __ 1 2 3 4 5Me __ __ __ __ __ __Other 3 __ __ __ __ __ __ 1 2 3 4 5Me __ __ __ __ __ __Other 4 __ __ __ __ __ __Use the following normal form game to calculate the payoffs. The object is NOT to get the highest payoff, it is to faithfully play your type. IIC OC ( 2, 2 ) ( -1, 3 )IO ( 3, -1 ) ( 1, 1 )

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My coin toss resulted in Heads My action... View the full answer