What Is the Prisoners' Dilemma

question 334

Multiple Choice

What is the prisoners' dilemma?

• A) A game that involves no dominant strategies.
• B) A game in which prisoners are stumped because they cannot communicate with each other.
• C) A game in which players act in rational, self-interested ways that leave everyone worse off.
• D) A game in which players collude to outfox the authorities.

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Definitions:

Time Studies

The process of observing and recording the time taken to perform tasks to establish standards for efficient work performance.

Confidence

The feeling or belief that one can rely on someone or something, or the state of feeling certain about the truth of something.

Standard Deviation

A measure of the dispersion or variation in a set of values, indicating how much they deviate from the mean.

Historical Experience

Previous experiences or outcomes that are used as a guide or reference for making future decisions or predictions.