Table 12.1 Utility Payoffs to Thief 1 and Thief 2 in a Classic Prisoners' Dilemma Game Payoffs are given as utility where U = 10-years in Jail -According to,if Thief 1 and Thief 2 both confess to the crime,how many years in jail will each thief serve?

Question

Quizplus · Accepted Answer

If both Thief 1 and Thief 2 confess to the crime, they each serve 7 years in jail, which is a common outcome in scenarios modeled after the prisoner's dilemma, where mutual cooperation (or in this case, mutual confession) results in a moderately severe penalty for both parties.

Table 12.1 Utility Payoffs to Thief 1 and Thief 2 in a in a Classic