Question: Please explain how to solve part 1 and part 2 in details The above matrix represents the amounts of money (HI-1,111.2), that the two players

Please explain how to solve part 1 and part 2 in details

Please explain how to solve part 1 and part 2 in details

The above matrix represents the amounts of money (HI-1,111.2), that the two players will receive as an outeome of a simultaneous move game. 1. Assuming each player gets the utility equal to the amount of money (U1 = in]. and U2 = mg] (a) nd all pure strategy Nash Equilibria. (13} nd all mixed-strategy Nash Equilibria where at least one player uses a strictly mixed strategy. 2. Now, in the same simultaneous move game, assume that the two players care about each other's payoffs as well. The two players" utilities are given as U1= ml +0.51\": U: = m2+ll.5ml where U; and U; are each player's utility, and ll and m; are the money that each player gets as a result of the game. Therefore, player 1 is happier if player 2 gets more money, but to a lesser degree as when she gets the same amount of money (and vice versa with player 2}. In this setting, nd all pure and mixed. strategy Nash Equilibria

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