(Solved): 3. (a) The following table illustrates the money payoffs associated with a twoperson simultaneous-p ...

3. (a) The following table illustrates the money payoffs associated with a twoperson simultaneous-play game. Find the Nash equilibrium in mixed strategies for this game and the players' expected payoffs in this equilibrium. EXERCISES $259$ (b) The two players jointly get most money when Row plays Down. However, in the equilibrium, Row does not always play Down. Why not? Can you think of ways in which a more cooperative outcome can be sustained?