Suppose That Each of Two Prisoners Has the Independent Choice

question 202

Multiple Choice

Suppose that each of two prisoners has the independent choice of confessing to a crime or not confessing.If neither confesses, they spend 2 years in jail; if both confess, they spend 3 years in jail; and if one confesses while the other does not, the confessor gets off with 1 year in jail while the other gets 6 years in jail.According to game theory, the likely strategy by the prisoners is:

• A) both will confess.
• B) neither will confess.
• C) one will confess and the other will not.
• D) both may or may not confess.

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Definitions:

Manufacturing Defects

Flaws or errors in a product that occur during its production, often leading to the product failing to meet safety or quality standards.

Design Defects

Flaws in the planning or design of a product that result in it being unsafe or failing to perform as intended.

Product Liability

The legal responsibility of manufacturers and sellers for defects or hazards in products that cause harm.

Restatement (Third)

A reference to the third series of restatements of American law, which are compilations summarizing the court rulings on various legal subjects.