Amy and Bill live next door and work m the same office building downtown. In the

Question

Amy and Bill live next door and work m the same office building downtown. In the morning each of them can get to the job either by car or by bike The only road they can use is of very poor quality, and parking is scarce Amy and Bill are the only potential users of this road. If both go by car It would take each 15 minutes to get to their workplace Yet, If there is Just one car traveling the time goes down to 5 minutes Traveling by bike is generally quite fast: it only takes 10 minutes if there are no cars However the local law gives poor priority to the cars on the road As a result, it takes 17 minutes to reach the destination by bike if another person decides to drive at the same time. Amy and Bill love to sleep long hours (each minute matters In the morning!), so fast commuting time is their topmost priority Even if they agree about the mode of transportation at night, there is no way they can guarantee that the neighbor sticks to their promise in the morning. Use the information above to fill in the following payoff matrix: What is the best option for Army? What is the best option for Bill? Why is it best if both Amy and Bill bike?

Explanation / Answer

10 5

10 17

17 5

15 15

If you enter one after another.

Car is the best option for amy

Car is best option for Bill

If both of them are taken into account, It i best for both of them to take bike

It only cost each of them 10 minutes.

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