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A player chooses a ________ strategy to maximize the minimum gain the player can earn.

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A player chooses a ________ strategy to maximize the minimum gain the player can earn.

Question 1.

Because the players are prevented from cooperating, each player in a prisoners' dilemma game has a dominant strategy that leaves ________ than if they could cooperate.

▸ them both worse off

▸ them both better off

▸ the first player to confess better off and the other player worse off

▸ the first player to confess worse off and the other player better off

Question 2.

A player chooses a ________ strategy to maximize the minimum gain the player can earn.

▸ maximin

▸ prisoners' dilemma

▸ tit-for-tat

▸ Cournot

Textbook

Principles of Economics

Edition: 12^th

Authors: Case, Fair, Oster

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