Multiple Choice

In a game show's final round, two contestants must independently and secretly choose to either 'Split' a large cash prize or 'Steal' the entire amount. If both choose 'Split', they share the prize equally. If one chooses 'Steal' and the other 'Split', the 'Steal' player gets everything. If both choose 'Steal', neither gets anything. Before making their final, binding decision, the contestants are given a few minutes to talk to each other. From a strategic standpoint, what is the most significant function of this communication phase?

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Updated 2025-08-11

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