Suppose Rajiv and Latasha are playing a game In which both must simultaneously c

Question

Suppose Rajiv and Latasha are playing a game In which both must simultaneously choose the strategy Heads or Tails. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices (rather than the actual flipping of a coin). For example, the lower-right cell shows that if Rajiv chooses Tails and Latasha chooses Tails. Rajiv will receive a payoff of 5 and Latasha will receive a payoff of 1. The only dominant strategy In this game Is for to choose The unique equilibrium In this game Is as follows: Rajiv chooses and Latasha chooses

Explanation / Answer

Dominant strategy is for latasha to take the head irrespective of what rajiv is taking becasue it will give him the best output in all the condition in comaprison to rajiv

Unique equilibrium is when rajiv chooses tail and latasha choosed head because they are giving them best pay off.

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