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meikunn2565 meikunn2565
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4 years 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 
InMicro

InMicro


Edition: 1st
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kamronetkamronet
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4 years ago
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meikunn2565 Author
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4 years ago
Good timing, thanks!
fgarza2146
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Yesterday
This site is awesome
novae
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2 hours ago
Correct Slight Smile TY
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