A game involving two players with two possible strategies is a prisoner's dilemma if each player has a dominant strategy and:
A)neither player plays their dominant strategy.
B)each player's payoff is higher when both play their dominated strategy than when both play their dominant strategy.
C)each player's payoff is higher when both play their dominant strategy than when both play their dominated strategy.
D)there is a Nash equilibrium that yields the highest payoff for both players.

Question

Quizplus · Accepted Answer

A prisoner's dilemma is a game in which each player has a dominant strategy, and when each plays it, the resulting payoffs are smaller than if both had played a dominated strategy.

A Game Involving Two Players with Two Possible Strategies Is