You are driving down the road...
...and see another driving approaching...
..and you're both headed for a head-on collision!
You could swerve out of the way to avoid the crash...
... or you can hope they swerve ...
...or you might both swerve.
You can either chicken out and swerve away or stay cool and keep straight.
Remember that your partner has to consider the same options.
If you both chicken out, you both swerve but no one is hurt.
If you chicken out, but your partner stays cool, you look super uncool but at least no one is hurt.
If you both stay cool, then you both collide and everyone gets hurt.
If you stay cool, but your partner swers, you look super cool and you they look like a chicken.
Summary of the Chicken PAYOFF MATRIX
Traditional PAYOFF MATRIX