Question: Consider a simple 2 x 2 game theory matrix such as this one: Player 2 (P2) Action 3 Action 4 Player 1 [PT) Action 1

 Consider a simple 2 x 2 game theory matrix such as

Consider a simple 2 x 2 game theory matrix such as this one: Player 2 (P2) Action 3 Action 4 Player 1 [PT) Action 1 Payoff (P1) Payoff (P2) Payoff [PT) Payoff (P2) Action 2 Payoff (P1) Payoff (P2) Payoff (PT) Payoff (P2) Make up your own example that you think can be distilled into this framework. The example can come from your own experience in a business environment OR you can choose a local business and analyze a hypothetical game theoretic situation they might face. 1. Put two players and four actions in the table below (recall that depending on the context, actions 3 and 4 could be the same as actions 1 and 2)

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