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What is the dominant strategy in the prisoner's dilemma?

meikunn2565

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What is the dominant strategy in the prisoner's dilemma?

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

InMicro

InMicro

Edition: 1^st

Authors: Hubbard, O'Brien

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