Question: Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions. Player 2 Strategy C D E F Player 1 A

Use the following payoff matrix for a simultaneous-move one-shot game to answer the accompanying questions.

Player 2
Strategy C D E F
Player 1 A 20, 11 15, 13 17, 18 5, 16
B 14, 20 19, 7 23, 24 8, 12

a. What is player 1's optimal strategy?

multiple choice

  • Strategy A
  • Strategy B
  • Player 1 does not have an optimal strategy.

b. Determine player 1's equilibrium payoff.

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