Consider the Following Payoff Matrix Facing Two Criminals Their Options Are to Confess or Not to Confess

question 49

Multiple Choice

Consider the following payoff matrix facing two criminals. $\begin{array} { | l | l | l | } \hline & { \text { A: Confess } } & \text { A: Not Confess } \\\hline \text { B: Confess } & \text { A: 20yrs, B: 20yrs } & \text { A: 50yrs, B: 2yrs } \\\hline \text { B: Not Confess } & \text { A: 2yrs, B: 50yrs } & \text { A: 10yrs, B: 10yrs } \\\hline\end{array}$ Their options are to confess or not to confess. The payoffs represent the number of years each will spend in jail. The Nash equilibrium for the payoff matrix shown is:

• A) A: 20 years, B: 20 years.
• B) A: 50 years, B: 2 years.
• C) A: 2 years, B: 50 years.
• D) A: 10 years, B: 10 years.

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