The prisoner's dilemma game:
A)leads to a Pareto efficient outcome.
B)refers to the interaction between police and criminals.
C)has few practical applications due to its simplicity.
D)is a game of dominant strategies.

Question

Quizplus · Accepted Answer

The prisoner's dilemma is a game of dominant strategies, meaning that both players have a dominant strategy (to defect) regardless of what the other player chooses. This often leads to a non-cooperative Nash equilibrium where both players end up worse off than if they had cooperated. This game has many practical applications in economics, political science, and social psychology.

The Prisoner's Dilemma Game