The Nash equilibrium of a prisoners' dilemma game is that:

A. both players confess

B. one player denies and one player confesses

C. both players deny

D. there is no unique equilibrium

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Joshua StredderLv10

11 Oct 2020

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Related questions

Consider the following game. Player 1 has an infinite set of pure strategies, which is the interval [0, 1]. Player 2 has only two pure strategies, L and R. When Player 1 chooses his pure strategy x â [0, 1], payoffs to Player 1 are u1(x, L) = 2 â 2x, u1(x, R) = x; and payoffs to Player 2 are u2(x, L) = x, u2(x, R) = 1 â x.

(i) Show that the game has no Nash equilibrium in pure strategies.

(ii) Find all Nash equilibria of the game when Player 2 is allowed to use a mixed strategy. Explain carefully why they are Nash equilibria. Give the payoffs to the two players.

jadeeel842

In a two-player, one-shot simultaneous-move game each player can choose strategy A or strategy B. If both players choose strategy A, each earns a payoff of $17. If both players choose strategy B, each earns a payoff of $27. If player 1 chooses strategy A and player 2 chooses strategy B, then player 1 earns $62 and player 2 earns $11. If player 1 chooses strategy B and player 2 chooses strategy A, then player 1 earns $11 and player 2 earns $62. Suppose this game is infinitely repeated. What is the maximum interest rate that can sustain collusion? Round all calculations to 2 decimals. If 10% input .10

4. Game theory terminology

Select the term that best describes each definition listed in the following table.

Definition	Nash Equilibrium	Dominant Strategy	Collusion	Tit-for-tat Strategy	Payoff Matrix	Prisoners' Dilemma
A player's best choice, if it exists, regardless of his or her opponent's strategy
A set of strategies (one for each player) in which each player's strategy is the best option for that player, given the chosen strategy of the player's opponents
A case in which individually rational behavior leads to a jointly inefficient outcome
A visual representation of a game showing all possible strategies for each player and all potential outcomes and payoffs