Deliverable 5-Optimel Strategy with non-Zero-sum gameCompetencyThis competency will allow you to demonstrate your ability and skill in analyzing nonzero-sum games and synthesizing optimal strategies within them.InstructionsDuring the city’s mayoral race one of the candidates hires G&B Consulting. This candidate is a challenger from the same party as the incumbent mayor and is vying to be put on the ticket in the general election. She believes that the nomination will likely come down to what stance she takes on a proposed tax bill. The bill is for a tax increase that would subsidize education grants. Staying within traditional party lines would be advantageous to gaining support from the core constituency, but going against party lines on the issue would help sway swing voters and independents. The issue is bound to come up at an upcoming debate and she wants the help of G&B Consulting to determine an optimum strategy.InstructionsTo complete this assignment, you must first download the word document Click for more options.This is the Word Document for the assignment..Deliverable 05 – Worksheet1. Market research has determined the following changes in the polls based on the different combinations of choices for the two candidates on the tax bill in the upcoming debate: IncumbentChallenger Stay Break Stay (0, 4) (3, 0) Break (1, 2) (2, 3)Use this payoff matrix to determine if there are dominant strategies for either player. Find any Nash equilibrium points. Show all of your work. 2. Use the payoff matrix from number 1 to determine the optimum strategy for your client (the challenger). Show all of your work. 3. Use the payoff matrix from number 1 to determine the optimum strategy for the incumbent. Show all of your work. 4. Knowing that flip-flopping on an issue is worse than taking a stand on either side, you must recommend a single strategy to the client to take in the upcoming debate. Take into account the predictability of the incumbent’s strategy and assume rationality by both players. 5. Working in parallel your co-worker finds that there is a 60% chance that the incumbent will choose to stay within party lines. Does this agree with your findings? If not, identify the error made by your co-worker. Your step-by-step breakdown of the problems, including explanations, should be present within the word document provided.Grading RubricF F C B A0 1 2 3 4No Pass No Pass Competence Proficiency MasteryNot Submitted Did not correctly solve a majority of the problems or at least one problem left blank. Correctly solved a majority of the problems. Correctly solved almost all the problems. All problems are solved correctly.Not Submitted Very few steps are provided to explain how to solve the problem OR the steps provided have several errors. Fairly complete and detailed steps are provided to explain how to solve the problem OR the steps provided have some errors. Mostly complete and detailed steps are provided to explain how to solve the problem. Complete and detailed steps are provided to explain how to solve the problem.Not Submitted Explanations generally lack a basic understanding of the concepts or lack of proper terminology. Explanations demonstrate a basic understanding of most of the concepts and terminology, but some explanations may be incomplete or incorrect. Explanations demonstrate a proficient understanding of most of the concepts and terminology, but with small errors. Explanations demonstrate a mastery of understanding of the concepts and terminology.Not Submitted The majority of mathematical expressions and any graphs or tables are not properly formatted OR some are not present. The majority of mathematical expressions and any graphs or tables are properly formatted. Almost all mathematical expressions and any graphs or tables are properly formatted. All mathematical expressions and any graphs or tables are properly formatted.
