Question: QUESTION 1 Player A has a R 1 Bill and a R 2 0 Bill, and Player B has a R 5 bill and a
QUESTION
Player A has a R Bill and a R Bill, and Player B has a R bill and a R bill. Each player will select a bill from the other player without knowing what bill the other player selected. If the total of the bills selected is odd, player B gets the two bills that were selected, but if the total of the bills is even, player A gets both bills.
a Develop a payoff table for this game. Place the sum of both bills in each cell.
b What are the best strategies for each player?
c What is the value of the game?
d Which player would you like to be
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