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Lee and Cody are competitors.Each is considering whether to take aggressive action against the other or to cooperate.Cody can observe Lee's decision.Their decision tree can be diagrammed as follows:
Refer to the figure above.The equilibrium for this game is for Lee to choose _______ and for Cody to be _______ in response.
Co-optation
A strategy by which a group assimilates or takes over elements of another, often to neutralize or gain support.
Mass Movements
Large groups of people engaging collectively in political, social, or cultural campaigns to bring about or resist change in society.
Offers of Reforms
Proposals or pledges to make changes or improvements, typically in political, social, or economic systems.
Compounded Semiannually
Interest on an investment that is calculated twice a year and added to the principal sum.
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