Author Question: Consider the game known as the Prisoner's Dilemma. What's the dilemma? a. By both not confessing, ... (Read 216 times)

jlmhmf · **on:** Jul 1, 2018

Consider the game known as the Prisoner's Dilemma. What's the dilemma?
a. By both not confessing, both get to the cooperative solution and minimize time in prison.
b. By both confessing, both get to the noncooperative solution and both serve significant time in prison.
c. As a group, they are better off cooperating by not confessing, but each player has an incentive to be first to confess in a double cross.
d. The problem is that the spies should never have been caught; they should move to Rio.

Question 2

In a two-person repeated game, a tit-for-tat strategy refers to
a. Where each player pursues his or her own self-interest without any cooperation
b. Where players start off as non-cooperative and then cooperate when one or both players show interest in colluding
c. Where players start off by cooperating and then mimic the other player's last move
d. Players cooperating throughout with no defection