The Prisoners' Dilemma is a particular type of game in which negotiation and enforcement of binding contracts is not possible, and such games are known as:
A) cooperative games.
B) noncooperative games.
C) collusive games.
D) Cournot games.

Question

Quizplus · Accepted Answer

The Prisoners' Dilemma is a classic example of a noncooperative game, as there is no way for the players to negotiate or enforce binding contracts. Cooperative games involve cooperation and agreements between the players to achieve a common goal, while collusive games involve secret cooperation between players to maximize their payoff. Cournot games are a specific type of noncooperative game in which two firms compete by choosing quantities simultaneously.

The Prisoners' Dilemma Is a Particular Type of Game in Which