Title: What is the dominant strategy in the prisoner's dilemma?
Post by: meikunn2565 on Oct 9, 2019
Question 1.
What is the dominant strategy in the prisoner's dilemma?
▸
Do not confess because the other prisoner will most likely confess.
▸
Each prisoner confesses because this is the rational action to pursue.
▸
Do nothing in the hope that the other prisoner will also do nothing.
▸
There is no dominant strategy.
Question 2.
Table 14-1
Godrickporter and Star Connections are the only two airport shuttle and limousine rental service companies in the mid-sized town of Godrick Hollow. Each firm must decide on whether to increase its advertising spending to compete for customers. Table 14-1 shows the payoff matrix for this advertising game.
Refer to Table 14-1. Is there a dominant strategy for Godrickporter and if so, what is it?
▸
Yes, Godrickporter should not change its advertising budget.
▸
Yes, Godrickporter's dominant strategy is to collude with Star Connections.
▸
Yes, Godrickporter should increase its advertising budget.
▸
No, its outcome depends on what Star Connections does.
Title: What is the dominant strategy in the prisoner's dilemma?
Post by: kamronet on Oct 9, 2019