List of top Microeconomics Questions on Game theory asked in IIT JAM EN

Consider a game of coexistence where everyone exhibits two kinds of behaviour: ‘Hawk’ and ‘Dove’. The possible set of payoffs is given as follows:

Let us consider a simultaneous game involving two players \(X\) and \(Y\). \(X\) has two strategies, namely ‘Top’ and ‘Bottom’, and \(Y\) has two strategies, namely ‘Left’ and ‘Right’. The payoff matrix is as given below. In payoff \((i,j)\), \(i\) and \(j\) refer to payoffs of \(X\) and \(Y\), respectively. Then, which one of the following statements is CORRECT?