The following table illustrates the money payoffs associated with a two-person simultaneous-move game: (a) Find the Nash equilibrium in mixed strategies for this game. (b) What are the players’...

The following table illustrates the money payoffs associated with a two-person simultaneous-move game:

(a) Find the Nash equilibrium in mixed strategies for this game.

(b) What are the players’ expected payoffs in this equilibrium?

(c) Rowena and Colin jointly get the most money when Rowena plays Down. However, in the equilibrium, she does not always play Down. Why not? Can you think of ways in which a more cooperative outcome can be sustained?