Question: Problem 3: Normal Form Game Player 1 Left Investor 2 Right 6 3 Top 4 3 3 4 Bottom 3 6 Problem 3 Continued

Problem 3: Normal Form Game Player 1 Left Investor 2 Right 6 3 Top 4 3 3 4 Bottom 3 6 Problem 3 Continued Problem 3a: Identify the above game's pure strategy Nash Equilibrium or Nash Equilibria. Problem 3b: Let q be the probability that Player 1 plays 'Left' and p be the probability that Player 2 plays 'Top'. Find the game's unique Mixed Strategy Nash Equilibrium. Problem 3c: Which is larger, p or q? Why is this the case (no more than two sentences)? Problem 3d: Using compound probabilities, calculate the likelihood of each of the four possible outcomes at the Mixed-Strategy NE. Problem 3e: What is the total probability of landing on an outcome characterized by coordination failure?

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