Two business partners, Sarah and Tom, must independently decide whether to pursue a 'High-Risk' or 'Low-Risk' venture. The table below shows the potential profits (in thousands of dollars) for each partner based on their combined choices. The first number in each cell is Sarah's profit, and the second is Tom's.
| Tom: High-Risk | Tom: Low-Risk | |
|---|---|---|
| Sarah: High-Risk | (10, 10) | (0, 12) |
| Sarah: Low-Risk | (12, 0) | (5, 5) |
Initially, both partners are purely
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Two business partners, Sarah and Tom, must independently decide whether to pursue a 'High-Risk' or 'Low-Risk' venture. The table below shows the potential profits (in thousands of dollars) for each partner based on their combined choices. The first number in each cell is Sarah's profit, and the second is Tom's.
Tom: High-Risk Tom: Low-Risk Sarah: High-Risk (10, 10) (0, 12) Sarah: Low-Risk (12, 0) (5, 5) Initially, both partners are purely
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