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Anonymous anonymous
on Dec 01, 2024
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A game has two players.Each player has two possible strategies.One strategy is Cooperate, the other is Defect.Each player writes on a piece of paper either a C for cooperate or a D for defect.If both players write C, they each get a payoff of $100.If both players write D, they each get a payoff of 0.If one player writes C and the other player writes D, the cooperating player gets a payoff of S and the defecting player gets a payoff of T.To defect will be a dominant strategy for both players if
A) S + T > 100.
B) T > 2S.
C) S < 0 and T >100.
D) S < T and T > 100.
E) S and T are any positive numbers.
Dominant Strategy
In game theory, an approach that secures the optimal result for a participant, no matter the actions taken by other competitors.
Cooperate
To work or act together towards a common goal or benefit, often seen in contexts of game theory, business, and social interactions.
Defect
An imperfection or shortcoming in a product, system, or process that detracts from its intended function or performance.
- Identify key strategies and their implications for game results.
Verified Answer
PL
Learning Objectives
- Identify key strategies and their implications for game results.