Author Question: When the prisoners follow their dominant strategy and confess, they will be worse off than if both ... (Read 45 times)

HCHenry · **on:** Jun 30, 2018

When the prisoners follow their dominant strategy and confess, they will be worse off than if both had remained silenthence, the prisoners' dilemma.
a. True
b. False
Indicate whether the statement is true or false

Question 2

Which of the following contracts is considered self-enforcing?
a. An assurance provided by a lawyer to his/her client to win a case.
b. A futures contract purchased through a NYSE broker.
c. An agreement between two oligopolists to follow uniform pricing strategy.
d. An agreement between two students to share assignment responsibility.