-The Problem for the Prisoners in the Prisoners' Dilemma Game

question 48

Multiple Choice

-The problem for the prisoners in the prisoners' dilemma game in the above table is that

• A) the Nash equilibrium is not the best outcome.
• B) there is no equilibrium outcome.
• C) neither prisoner has a workable strategy.
• D) None of the above answers is correct.

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Definitions:

Complete Information

A situation in decision-making where all individuals have access to all relevant information needed to make an informed decision.

Action Alternatives

Action alternatives are the different courses of action or strategies that can be taken in response to a specific problem or situation.

Optimising Decision

Chooses the alternative giving the absolute best solution to a problem.

Absolute Best Solution

The optimal resolution to a problem or challenge, surpassing all other alternatives in effectiveness.