Identify the equilibrium outcome(s) in each of the three payoff tables.
I.
R1, C1 = 12, 10
R1, C2 = 10, 4
R2, C1 = 4, 8
R2, C2 = 9, 6
II.
R1, C1 = 12, 10
R1, C2 = 4, 4
R2, C1 = 4, 4
R2, C2 = 9, 6
III.
R1, C1 = 12, 10
R1, C2 = 4, 4
R2, C1 = 4, -100
R2, C2 = 9,6
a. In each table, predict the exact outcome that will occur and explain your reasoning.
b. In table III, suppose the column player is worried that the row player might choose R2 (perhaps a 1-in-10 chance). Given this risk, how should the column player act? Anticipating the column player's thinking, how should the row player act?