Suppose There Are Two Small Island Countries: Avarice,which Is Populated

question 46

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 the 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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