A prisoner's dilemma game is one in which:
A)only one of the two prisoners has a dominant strategy.
B)altruistic motives by each player leads to an outcome where all players are equally well off.
C)self-interest by each player leads to an outcome where all players are worse off than if they had cooperated.
D)self-interest by each player leads to an outcome where all players are better off than if they had cooperated.

Question

Quizplus · Accepted Answer

In a prisoner's dilemma game, each player has a dominant strategy to defect, leading to a Nash equilibrium where both players defect, resulting in a worse outcome for both players than if they had cooperated. Therefore, self-interest by each player leads to an outcome where all players are worse off than if they had cooperated. Therefore, the correct choice is C.

A Prisoner's Dilemma Game Is One in Which