Jim's Gin Mill and Tom's Turkey Tavern compete for pretty much the same crowd. Each can choose between strategies of offering free snacks during happy hour or not offering free snacks. The payoffs are
Tom
Snacks
No Snacks
Jim
Snacks
20,20
50,-20
No Snacks
-20,50
30,30
If each assumes the strategy chosen is given, and chooses his own best (or least bad) strategy, what will happen?