Why Does a Prisoner's Dilemma Lead to a Noncooperative Equilibrium

question 255

Multiple Choice

Why does a prisoner's dilemma lead to a noncooperative equilibrium?

• A)because each player had agreed before the game started to minimize the harm that he can inflict on the other players
• B)because each player is uncertain how other players will play the game
• C)because players must choose from a limited number of non-dominant strategies
• D)because each rational player has a dominant strategy to play a certain way regardless of what other players do

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Definitions:

Symmetric

Refers to a balance or similarity between two halves of an object, dataset, or distribution where each side is a mirror image of the other.

Percent Frequency

The relative frequency of an event or characteristic expressed as a percentage of the total number of occurrences or observations.

Relative Frequency

The ratio of the number of times a particular value occurs in a dataset to the total number of occurrences.