Question: Define: Nash Equilibrium 2) The following normal form game illustrates the Prisoner's Dilemma. Both players took part in a crime, but the plaintiff has no

Define: Nash Equilibrium 2) The following normal form game illustrates the Prisoner's Dilemma. Both players took part in a crime, but the plaintiff has no evidence. Each defendant can either remain silent or betray the other. Given the following payoff matrix, determine the set of strategies that constitute a Nash Equilibrium and explain the intuition behind the solution(s) you find. Player 2 Betray Silent Player 1 Betray -10, -10 0, -20 Silent -20, 0 -2, -2 3) The following normal form game illustrates the Battle of the Sexes. Both players want to spend time together, but they have different individual preferences. Given the following payoff matrix, determine the Nash Equilibrium(s) of the game and explain the intuition behind the solution. Partner 2 Burgers Tacos Partner 1 Burgers 5, 1 0, 0 Tacos 0, 0 1, 5 4) The following normal form game illustrates the game of Chicken. Both players want to be known as the toughest in their town. Given the following payoff matrix, determine the Nash Equilibrium(s) of the game and explain the intuition behind the solution. Driver 2 Swerve Straight Driver 1 Swerve 0, 0 -3, 3 Straight 3, -3 -10, -10 Evaluate the following games for Nash

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