Consider two players Yossarian and Nately. Each of them have to strategies: Hunt Stag or Hunt Rabbit. If both Yossarian and Nately choose to hunt stag, then they each get $3. If Yossarian hunts stag while Nately hunts rabbit, then Yossarian gets $0 and Nately gets $5. If Nately hunts stag but Yossarian hunts rabbit, then Yossarian gets $5 and Nately gets $0. Finally, if they both hunt rabbit, then they both get $1 each. (a) Depict the payoff matrix for this game. (b) What is/are the Nash equilibrium/equilibria of this game?
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