--%>

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 : Explain Nash equilibrium with an example

    In this payoff matrix as in illustrated, when the husband gets to choose first: (w) he will watch the film and his wife will play golf. (x) he will play golf and his wife will see the film. (y) they will both play golf. (z) they will both see the film.

    Q : Follow dominant strategy If Venezuela

    If Venezuela and Indonesia could enforce an agreement not to cheat onto OPEC’s cartel quotas: (w) their earnings would be constant since the dominant strategy for both is to not cheat. (x) their earnings would be higher than while they followed the dominant stra

  • Q : Dominant strategy for dilemma of

    Into a classic non-repeating prisoner’s dilemma, there dominant strategy for each prisoner is to: (1) confess. (2) follow a grim strategy. (3) engage within predatory behavior. (4) cheat on all agreements with the police. (5) engage during tit-f

  • Q : NOT including competition in

    Illustrations of cooperative games do not comprise: (1) collective bargaining, in which the firms and unions bargain over employment. (2) international treaties that regulate trade. (3) pure competition. (4) plea bargaining between prosecutors and def

  • Q : Infrastructure and decreasing cost

    Assume that government in a developing nation enables start-up some firms to manufacture at lower costs by building infrastructure (for example, power grids and transportation networks), as well as also facilitates learning-by-doing through building p

  • Q : Example of a second mover strategy An

    An instance of a second mover strategy would be a: (1) baseball manager waiting till the other team's manager inserts a pinch hitter before selecting a relief pitcher. (2) firm's decision to lay-off workers. (3) union going on strike while a labor con

  • Q : Result of dilemma of prisoner When

    When Ack-Ack knows that Bongo has connections and will have him killed when he implicates Bongo, in that case the likely result is that: (1) neither prisoner confesses. (2) Bongo pursues a grim strategy. (3) Bongo will do less prison time than Ack-Ack. (4) both prison

  • 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 : Restriction for illustration of

    Illustration of negative sum games would not comprise: (i) violent carjackings. (ii) “winner-take-all” poker games. (iii) war. (iv) retaliatory barriers to international trade. (v) family feuds. Hey fri

  • Q : Illustrate Dominant Strategy The

    The dominant strategies in this payoff matrix are for: (w) neither Venezuela nor Indonesia to cheat, thus ensuring that each gets $8 billion profit. (x) both Venezuela and Indonesia to cheat, so receiving $5 billion profit each. (y) the greatest payof