Suppose There Are Two Small Island Countries: Avarice, Which Is

question 98

Multiple Choice

Suppose there are two small island countries: Avarice, which is populated by people who are completely self-interested, and Altruism, which is populated by people who have adopted social norms of generosity and cooperation. If two residents of Avarice play a prisoner's dilemma game, they are likely to:

• A)never reach the Nash equilibrium.
• B)reach the Nash equilibrium more often than would residents of Altruism.
• C)reach the Nash equilibrium less often than would residents of Altruism.
• D)play their dominated strategies more often than would residents of Altruism.

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