Chicken
Potsy and Richie decide to play chicken. They get in their cars and head them straight at each other. If one person swerves and the other doesn't, the swerver obviously suffers much embarassment and loss of reputation.
Put this game into a 2 x 2
ordinal game format. Does
Potsy have a dominant
strategy? How about Richie?
Are any outcomes Nash
equilibria?