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 takes that action and the second number in each cell refers to the number of years of prison time Tom will receive if he takes that action.If Jeri and Tom can decide jointly then the best strategy is for Jeri to ________ and Tom to ________.

Question

Quizplus · Accepted Answer

When Jeri and Tom can decide jointly, the best strategy for both is to not confess. This is because by not confessing, they can minimize their total prison time based on the information provided. If both confess, they might face a harsher penalty for the more egregious crime, but by not confessing, they can avoid providing the evidence needed for such a conviction. This scenario is a classic example of the Prisoner's Dilemma, where mutual cooperation (not confessing) leads to a better outcome for both parties involved.

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