Solving for dominant strategies and the Nash equilibrium : Suppose Rajiv and Simone are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Rajiv chooses Right and Simone (in bold) chooses Right, Rajiv will receive a payoff of 4 and Simone will receive a payoff of 6. (Simone) left (Simone) right (Rajiv) left 2,3 2,4 (Rajiv) right 3,7 4,6The only dominant strategy in this game is for __Simone/Rajiv__ to choose __Right/Left__. The outcome reflecting the unique Nash equilibrium in this game is as follows: Rajiv chooses __Right/Left__ and Simone chooses __Right/Left__.
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