--%>

Result of prisoners’ dilemma game

When Car Jacker knows about that Cat Burglar has connections inside the prison and will have him killed when he implicates Cat Burglar, the probable result of this prisoners’ dilemma game is that: (i) neither prisoner squeals and they each serve four years in prison. (ii) Cat Burglar pursues a grim strategy. (iii) Cat Burglar will do less prison time than Car Jacker. (iv) both prisoners confess and do six years apiece. (v) Car Jacker confesses but Cat Burglar does not.

200_Prisoners Dilemma.png

Hey friends please give your opinion for the problem of Economics that is given above.

   Related Questions in Game Theory

  • Q : Problem about Asymmetric Information A

    A large firm knows own costs and the costs of its rival. However a smaller rival firm knows its own costs although is unaware of costs of larger firm. The larger firm is likely to gain due to: (1) industrial concentration. (2) a dominant strategy. (3) predatory practi

  • Q : Problem on Nash equilibrium Alyssa and

    Alyssa and Ben are trying to decide where to go to the football game or to the play. But Alyssa prefers the play and Ben the ball game, although they’d prefer to do somewhat together. The Nash equilibrium is: (w) Alyssa goes to the play and Ben

  • Q : Illustrations of cooperative games An

    An instant of a noncooperative game would be: (w) consequences for non-confessors in a classic prisoner’s dilemma. (x) collective bargaining. (y) courtship and marriage. (z) plea bargaining. Can someone expla

  • Q : Gain by implementing a first decision A

    A firm which can gain by implementing a first decision before any other firms act has a: (w) predatory pricing strategy. (x) controlling market share. (y) first mover advantage. (z) dominance strategy. Hey friends please give your

  • Q : Game Theory and Oligopoly Economists

    Economists would be probably to apply game theory to the market structure of: (1) oligopoly. (2) perfect competition. (3) pure monopoly. (4) labor unions. (5) monopolistic competition. Please choos

  • Q : Application of game theory Within the

    Within the application of game theory, in that case the payoff is: (w) the game’s outcome. (x) the rival firm’s actions. (y) a consequence only of one firm’s actions. (z) is always uncertain. How

  • Q : Grim Strategy in Nash Equilibrium A

    A strategy combination where every player is playing a best response to other players' current strategies, and therefore has no incentive to change strategies in a repeating game is termed as: (1) zero-sum equilibrium. (2) the first mover advantage. (3) tit-for-tat. (

  • Q : Example of a noncooperative game An

    An example of a noncooperative game would be: (1) negotiations for international trade agreements. (2) collective bargaining. (3) plea bargaining. (4) the adoption of tit-for-tat strategies in repeated games. (5) collusion by firms in an oligopoly.

  • Q : Problem on positive sum game When two

    When two countries decide to involve in trade because of comparative advantage: (w) one country will gain more than the other. (x) there should be completely free trade for both countries to benefit. (y) the overall consequences for all consumers can be explained as a

  • Q : Illustration of Prisoners ‘Dilemma The

    The District Attorney has Car Jacker as well as Cat Burglar nailed for possession of stolen goods after a long crime spree. Now the DA separately offers them the options within this pay-off matrix. The probably result is for: (1) Car Jacker to serve only two years bec