Question: Pls Solve the following application. We need to put action of each player. During the pandemic, stockpiling behavior have been criticized in the newspapers and

Pls Solve the following application. We need to put action of each player.

During the pandemic, stockpiling behavior have been criticized in the newspapers and described as irrational. From a game theory perspective, stockpiling of toilet paper can be modeled as astrategic game. Let's assume that we have two players who can choose between option 1: running to buy toilet paper (stockpiling behavior); and option 2: waiting to buy toilet paper. They believe that there is a risk that supermarket will run out of stock. The following matrix gives the payoffs of each choice, where in each cell, the first number is the payoff of player A and the second number is the payoff of player B.

Matrix is attached in photo. Please check attached image.

a.Explain the strategic interactions behind the stoc

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