A prisoner's dilemma describes a Nash equilibrium where
A) the payoffs are the lowest for both players.
B) an outcome exists that is better for both players.
C) one player achieves the highest payoff, while the other achieves the lowest payoff.
D) there is no dominant strategy for either player.

Question

Quizplus · Accepted Answer

In a prisoner's dilemma, although the Nash equilibrium results in both players making decisions that lead to suboptimal outcomes for each, there indeed exists an outcome that would be better for both players if they could achieve cooperation.

A Prisoner's Dilemma Describes a Nash Equilibrium Where