(Solution) - Consider a game in which each player selects one of -(2025 Original AI-Free Solution)

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Consider a game in which each player selects one of three colored poker chips: red, white, or blue. The players must select a chip without knowing the color of the chip selected by the other player. The players then reveal their chips. Payoffs to Player A in dollars are as follows:

a. What is the optimal strategy for each player?
b. What is the value of the game?
c. Would you prefer to be Player A or Player B?Why?