Suppose Lorenzo and Neha are playing a game in which both must simultaneously choose the action Left or Right. The payoff matrix that follows shows the payoff each person will earn as a function of both of their choices. For example, the lower-right cell shows that if Lorenzo chooses Right and Neha chooses Right, Lorenzo will receive a payoff of 6 and Neha will receive a payoff of Neha Left RightLorenzo Left 8, 4 4, 5 Right 5, 4 6, 5The only dominant strategy in this game is for _ (Neha/Lorenzo) to choose (Right/Left)t .The outcome reflecting the unique Nash equilibrium in this game is as follows: Lorenzo chooses _ (Right/Left) and Neha chooses _____ (Right/Left) .

In the field of economics, more specifically game theory, describes the interaction involving candidates where one cannot have an advantage over the other if the latter makes no change in their strategy - is referred to as the Nash Equilibrium.

The correct option has been inserted in the blank and underlined, please see below:

The only dominant strategy in this game is for Neha to choose Right.The outcome reflecting the unique Nash equilibrium in this game is as follows: Lorenzo chooses Right and Neha chooses Right.

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