The dilemma in a prisoner's dilemma is that: Multiple Choice only one player has a dominant...
The dilemma in a prisoner's dilemma is that:
Multiple Choice
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only one player has a dominant strategy, but the other player is uncertain about what to do.
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the players would be better off if they both played a dominated strategy.
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the players may be trapped in a game they don’t know how to play.
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the outcome is random, so players are uncertain about which strategy to play.
Homework Answers
Answer
Option 2
the players would be better off if they both played a dominated strategy.
The dominated strategy means the strategy provides lower pay off than the other strategy. It is beneficial because the dominant strategy equilibrium is worse and the cooperative equilibrium is better than the dominant strategy equilibrium as the both paler as dominant strategies but the strategies will result in higher losses.
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