In Which of the Following Prisoners' Dilemma Games Is the Non-Cooperative

question 51

Multiple Choice

In which of the following prisoners' dilemma games is the non-cooperative outcome actually bad for society as well as for the players?
(i) oligopolists try to maintain monopoly profits
(ii) two countries are involved in an arms race
(iii) two oil producers act on their own self-interest when deciding how many wells to dig

• A)(i) and (ii)
• B)(ii) and (iii)
• C)(i) and (iii)
• D)(i), (ii) and (iii)

---

Definitions:

Cross Tabulation

A method of presenting and analyzing data involving two or more variables to discover relationships in the data. Also known as cross tab.

Environmental Scan

The process of systematically analyzing external opportunities and threats that could affect the organization's success.

Predictive Information Extraction

The use of algorithms and models to analyze historical data in order to make predictions about future trends, behaviors, or outcomes.

Absolute Value

Absolute value refers to the non-negative value of a number without regard to its sign; it's the distance of a number from zero on a number line.