In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second.
-Game 7 is an example of prisoners' dilemma. Thus, the payoff matrix contains jail sentences in terms of months. For this game,
A)the Nash equilibrium minimizes the total number of months spent in jail for both prisoners.
B)the Nash equilibrium does not minimize the total number of months spent in jail for both prisoners.
C)there is no Nash equilibrium.
D)neither player has a dominant strategy.

Question

In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second. 
-Game 7 is an example of prisoners' dilemma. Thus, the payoff matrix contains jail sentences in terms of months. For this game,
A)the Nash equilibrium minimizes the total number of months spent in jail for both prisoners. 
B)the Nash equilibrium does not minimize the total number of months spent in jail for both prisoners. 
C)there is no Nash equilibrium. 
D)neither player has a dominant strategy.

Quizplus · Accepted Answer

In the prisoners' dilemma, the Nash equilibrium results in both players choosing to betray each other, leading to a worse outcome for both players than if they had both chosen to cooperate. Therefore, the Nash equilibrium does not minimize the total number of months spent in jail for both prisoners.

In the Following Games, All Payoffs Are Listed with the Row