What Is a Prisoner's Dilemma

question 174

Multiple Choice

What is a prisoner's dilemma?

• A)a game that involves no dominant strategies
• B)a game in which prisoners are stumped because they cannot communicate with each other
• C)a game in which players act in rational, self-interested ways that leave everyone worse off
• D)a game in which players collude to outfox authorities

---

Definitions:

Form Utility

The value added to goods through the production process, transforming raw materials into finished products that are more valuable to consumers.

World-Class Organizations

Organizations that achieve the highest standards in their industry, delivering exceptional products, services, and customer satisfaction through continuous improvement and innovation.

Performance Tradeoffs

The balance or compromise between different performance metrics, such as speed versus cost, in business operations or system design.