A Game Has Two Players

question 6

Multiple Choice

A game has two players. Each player has two possible strategies. One strategy is Cooperate, the other is Defect. Each player writes on a piece of paper either a C for cooperate or a D for defect. If both players write C, they each get a payoff of $100. If both players write D, they each get a payoff of 0. If one player writes C and the other player writes D, the cooperating player gets a payoff of S and the defecting player gets a payoff of T. To defect will be a dominant strategy for both players if

• A) S + T > 100.
• B) T > 2S.
• C) S < 0 and T > 100.
• D) S < T and T > 100.
• E) S and T are any positive numbers.

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Definitions:

Trade-Secret Protection

Legal measures employed to keep proprietary knowledge from competitors to maintain a competitive advantage.

Reverse Engineering

The process of dismantling and analyzing a product's design or system to understand its structure, function, and operation.

Lawful Discovery

The legal process by which parties in a lawsuit obtain and exchange information and evidence prior to trial, under the oversight of a court.

Lost Property

Items that are unintentionally left by their owner; the legal framework around lost property focuses on the rights and obligations surrounding its discovery and return.