Incumbent 

Challenger 
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 flipflopping 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 coworker 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 coworker.
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