The Dominant Strategy in the Prisoners' Dilemma Is for

question 305

Multiple Choice

The dominant strategy in the prisoners' dilemma is for

• A) neither player to confess.
• B) both players to confess.
• C) only the dominant player to confess.
• D) the dominant player not to confess.

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Definitions:

Self-Control Problems

Challenges individuals face in resisting short-term temptations in order to achieve long-term goals, often leading to decisions that are not in their best interest.

Dictator Game

A behavioral economics experiment that tests how fairly individuals allocate resources when one person (the "dictator") has complete control over the distribution.

Economic Behavior

Involves the choices that individuals, businesses, and governments make to allocate resources and their impacts on the market.

Fairness

Fairness is the impartial and just treatment or behavior without favoritism or discrimination.