(Solved):   Question 5-(10 points) Two people wish to go out together to a concert of music by either ...

 

Question 5-(10 points) Two people wish to go out together to a concert of music by either Beethoven or Schubert. Their main concern is to go out together, but one person prefers Beethoven, and the other person prefers Schubert. Representing the individuals' preferences by payoff functions, we have the game in table below. A. Do we have Nash Equilibrium in this game? If yes, show them in detail. B. Do we have such a kind of game in real life or business environment? Explain it with the use of an example.