Question: Please find the attached document. 1.12 Two guys {suffering item testosterone poisoning) engage in the game of chicken. The? drive toward each other in the

Please find the attached document.

Please find the attached document. 1.12 Two guys {suffering item testosterone poisoning)

1.12 Two guys {suffering item testosterone poisoning) engage in the game of chicken. The? drive toward "each other in the middle of a road. As they approach ' the impact point, each has the option of continuing to drive down the middle of the road or- to swerve. Both believe that if only one driver swerves, that driver loses face (payoff = 0) and the other gains in self-esteem (payoff = 2). If neither swerves, they are maimed or killed {payoff 5 -10}. If both-swerve, neither is harmed [payoff = 1). Show the payoff matrix for the two drivers engaged in this game of chicken. Determine the Nash equilibria for this game. N

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