Business, 29.10.2019 22:31 AnxiousKid

Two smart students form a study group in some math class where homework is handed in jointly by each group. in the last homework of the semester, each of the two students can choose to either work ("w") or party ("p"). if at least one of them solves the homework that week (chooses "w"), then they will both receive 10 points. but solving the homework incurs a substantial effort, worth −7 points for a student doing it alone, and an effort worth −2 points for each student, if both students work together. partying involves no effort, and if both students party, they both receive 0 points. assume that the students do not communicate prior to deciding whether they will work or party. write this situation as a matrix game and determine all nash equilibria.

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