« previous next »

Author Question: In the Prisoners' Dilemma game: a. both players have a dominant strategy not to confess. b. only ... (Read 189 times)

dbose

  • Hero Member
  • *****
  • Posts: 597
on: Jun 30, 2018
In the Prisoners' Dilemma game:
 a. both players have a dominant strategy not to confess.
  b. only one player has a dominant strategy to confess.
  c. both players have a dominant strategy to confess.
 d. neither player has a dominant strategy.

Question 2

When does an insurance contract benefit both the parties?


gcook

  • Sr. Member
  • ****
  • Posts: 343
Reply #1 on: Jun 30, 2018
Answer to Question 1

c

Answer to Question 2

Insurance is a contract that reallocates risk between the insurer and the insured. This exchange of risks benefits both sides of the contract if they have different degrees of aversion or different abilities to bear risk.


Related Topics

Need homework help now?

Ask unlimited questions for free

Ask a Question
« previous next »
 

Did you know?

The heart is located in the center of the chest, with part of it tipped slightly so that it taps against the left side of the chest.

Did you know?

The Babylonians wrote numbers in a system that used 60 as the base value rather than the number 10. They did not have a symbol for "zero."

Did you know?

Once thought to have neurofibromatosis, Joseph Merrick (also known as "the elephant man") is now, in retrospect, thought by clinical experts to have had Proteus syndrome. This endocrine disease causes continued and abnormal growth of the bones, muscles, skin, and so on and can become completely debilitating with severe deformities occurring anywhere on the body.

Did you know?

Most women experience menopause in their 50s. However, in 1994, an Italian woman gave birth to a baby boy when she was 61 years old.

Did you know?

In the ancient and medieval periods, dysentery killed about ? of all babies before they reach 12 months of age. The disease was transferred through contaminated drinking water, because there was no way to adequately dispose of sewage, which contaminated the water.

A cheetah strangling an impala, Timbavati Game Reserve, South Africa A cheetah strangling an impala, Timbavati Game Reserve, South Africa
Male giraffe mounting a female. Only dominant males are generally able to mate. Male giraffe mounting a female. Only dominant males are generally able to mate.
Inventors Dilemma Inventors Dilemma
Cellcraft Game Cellcraft Game
Traits With Single-Gene Dominant–Recessive Inheritance Traits With Single-Gene Dominant–Recessive Inheritance
Transmission of autosomal dominant disorders (50% chance for an affected child). Transmission of autosomal dominant disorders (50% chance for an affected child).
Video: Type of Cell Junctions - Desmosome, Hemidesmosomes and Gap Junctions

For a complete list of videos, visit our video library