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The Required Relationship Among Payoffs in the Prisoner's Dilemma Game

Question 1

Multiple Choice

The required relationship among payoffs in the prisoner's dilemma game, where S = sucker's payoff, R = reward for mutual cooperation, P = punishment for mutual defection, and T = temptation to cheat, is:


A) S > R > P > T.
B) T > R > P > S.
C) R > P > T > S.
D) T > P > R > S.
E) P > S > T > P.

Correct Answer:

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