Problem
Two stars-the 100-meter gold medalist and the 200- meter gold medalist-from the a past Olympic Games have agreed to a 150-meter duel. Before the race, each athlete decides whether to improve his performance by taking anabolic steroids. Each athlete's payoff is 20 from winning the race, 10 from tying, and 0 from losing. Furthermore, each athlete's utility of taking steroids is Model this scenario as a game in which the players simultaneously decide whether to take steroids.
a. What is the Nash equilibrium? Is the game a prisoners' dilemma? Explain.
b. Suppose that one athlete's utility of taking steroids is while the other's remains What is the Nash equilibrium? Is the game a prisoners' dilemma?
The response should include a reference list. Double-space, using Times New Roman 12 pnt font, one-inch margins, and APA style of writing and citations.