Ann and Lynn Have Been Arrested by the Police, Who

question 68

Multiple Choice

Ann and Lynn have been arrested by the police, who have evidence that will convict them of robbing a bank. If convicted, each will receive a sentence of 6 years for the robbery. During questioning, the police suspect that Ann and Lynn are responsible for a series of bank robberies. If both confess to the series, each will receive 12 years in jail. If only one confesses, she will receive 4 years and the one who does not confess will receive 14 years. What is the Nash equilibrium for this game?

• A) Both confess.
• B) Lynn confesses and Ann does not confess.
• C) Neither confesses.
• D) Ann confesses and Lynn does not confess.

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Definitions:

Knowledge Transfer

The process through which skills, knowledge, technologies, or methods are passed from one individual or organization to another.

Needle-In-A-Haystack Problem

A metaphorical expression referring to the difficulty of finding a specific item or solution in a vast space or among many possibilities.

Knowledge Transfer

The process of sharing knowledge, skills, and expertise among individuals or organizations.

Subsidiaries

Companies that are owned or controlled by another company, known as the parent company or holding company.