What Is the Dominant Strategy in the Prisoner's Dilemma

question 256

Multiple Choice

What is the dominant strategy in the prisoner's dilemma?

• A)Each prisoner confesses because this is the rational action to pursue.
• B)Do nothing in the hope that the other prisoner will also do nothing.
• C)Do not confess because the other prisoner will most likely confess.
• D)There is no dominant strategy.

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Definitions:

Consumption

The use of goods and services by households or individuals, representing the final use of produced goods and services in an economy.

Horizontal Equity

is a principle in taxation that mandates taxpayers with similar income or assets should be taxed at the same rate.

Tax Burdens

Tax burdens refer to the economic impact of taxes on individuals or corporations, often measured as a percentage of income or profits.

Ability to Pay

The principle suggesting that taxes should be levied according to an individual's or entity's capacity to pay, typically related to income or wealth levels.