Business, 06.08.2021 22:50, Yasminl52899

You and a classmate are assigned a project on which you will receive one combined grade. You each want to receive a good grade, but you also want to avoid hard work. In particular, here is the situation: If you both work hard, you both get an A, which gives you 40 units of happiness (utils). If only one of you works hard, you both get a B, which gives each of 30 units of happiness (utils). If neither of you works hard, you both get a D, which gives each of you 10 units of happiness (utils). Working hard costs 25 utils. Fill in the payoff matrix (in utils) using the above information:

Your Decision Classmate's Decision
Work/Work Your: Classmate:
Shirk/Work Your: Classmate:
Work/Shirk Your: Classmate:
Shirk/Shirk Your: Classmate:

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You and a classmate are assigned a project on which you will receive one combined grade. You each wa...