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Suppose That Each of Two Prisoners Has the Independent Choice

question 188

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Suppose that each of two prisoners has the independent choice of confessing to a crime or not confessing to a crime they were both alleged to commit. If neither confesses, both spend two years in prison; if both confess, both spend three years in prison. If one confesses and the other does not, the confessor gets off with one year but the other gets six years. According to game theory, the likely strategy of the prisoners is that:


Definitions:

Secondary Data

Information that has been previously collected and is available for use by others, often used in research to save time and resources.

Primary Data

Data collected firsthand for a specific research purpose, directly from the source.

Individual Interviews

One-on-one conversations between a researcher and a participant, aimed at gathering in-depth information on a topic.

Focus Groups

A research method where a small, diverse group of people discuss their perceptions, opinions, beliefs, and attitudes towards a product, service, concept, advertisement, idea, or packaging.

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