Consider the following game.Bill and Ben are arrested and charged with a bank robbery.The district attorney separates them and offers them the deal given in the payoff matrix below.Their penalty for committing the crime is imprisonment
A.What is the dominant strategy for each player?
B.Compute the Nash equilibrium of this game.What is the predicted outcome of this game?ANSWER: A.Both confess.B.They both confess and get 10 years.

Question

Consider the following game.Bill and Ben are arrested and charged with a bank robbery.The district attorney separates them and offers them the deal given in the payoff matrix below.Their penalty for committing the crime is imprisonment  
A.What is the dominant strategy for each player?
B.Compute the Nash equilibrium of this game.What is the predicted outcome of this game?ANSWER: A.Both confess.B.They both confess and get 10 years.

Quizplus · Accepted Answer

The Answer of Consider the following game.Bill and Ben are arrested and charged with a bank robbery.The district attorney separates them and offers them the deal given in the payoff matrix below.Their penalty for committing the crime is imprisonment  
A.What is the dominant strategy for each player?
B.Compute the Nash equilibrium of this game.What is the predicted outcome of this game?ANSWER: A.Both confess.B.They both confess and get 10 years.

Consider the Following Game