Abstract

Note on the tables: The agents represented by the rows and by the columns are choosing simultaneously and independently; each square represents the outcome of such a pair of choices. Column-chooser's payoff is shown in the top-right portion of a square; Row-chooser's payoff is shown in the bottom-left portion of a square. Each chooser knows what the payoffs would be for each set of concurrent choices and knows that the other chooser also knows. Because an outcome depends upon the combination of choices, each chooser must anticipate what the other will choose given that other person's likely anticipation of what the first chooser will do.