Table 12.2
-Refer to Table 12.2.Jeri and Tom are arrested for having committed a crime.They are being interrogated individually and need to decide if they should confess or not confess.The police have enough information to put them in jail for 5 years.They also know the pair have committed a more egregious crime but without the help of one of the suspects they will not be able to convict them on this charge.The first number in each cell refers to the number of years of prison time Jeri will receive if she confesses or does not confess and the second number in each cell refers to the number of years of prison time Tom will receive if he confesses or does not confess.The dominant strategy for Jeri is to ________ and the dominant strategy for Tom is to ________.

Question

Quizplus · Accepted Answer

The dominant strategy for both Jeri and Tom is to confess. In game theory, a dominant strategy is the best action for a player to take regardless of what the other player does. In the scenario described, confessing minimizes the potential prison time for both Jeri and Tom compared to not confessing, regardless of the other's decision. This is because the fear of receiving a harsher penalty if the other confesses incentivizes both to confess to ensure the least severe punishment under the circumstances.

Table 12.2 -Refer to Table 12.2.Jeri and Tom Are Arrested for Having