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meikunn2565 meikunn2565
wrote...
Posts: 330
A week ago

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.

Textbook 

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kamronetkamronet
wrote...
Posts: 334
A week ago
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Answer 1

Each prisoner confesses because this is the rational action to pursue.



Answer 2

Yes, Godrickporter should increase its advertising budget.

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