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Table 12.2 Payoffs to Fisher 1 and Fisher 2 in a

Question 3

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Table 12.2
Payoffs to Fisher 1 and Fisher 2 in a
Common Property Resource Prisoners' Dilemma
($ of profit)

Table 12.2 Payoffs to Fisher 1 and Fisher 2 in a Common Property Resource Prisoners' Dilemma ($ of profit)     -Refer to table 12.2,suppose that two people,Fisher 1 and Fisher 2,have access to a fishing ground,and that each may choose to harvest fish in either a restrained or unrestrained fashion.What is the Nash equilibrium? A)  Fisher 1 and Fisher 2 both choose: no restraint B)  Fisher 1 and Fisher 2 both choose: restraint C)  Fisher 1 chooses restraint and Fisher 2 chooses no restraint D)  Fisher 1 chooses no restraint and Fisher 2 chooses restraint
-Refer to table 12.2,suppose that two people,Fisher 1 and Fisher 2,have access to a fishing ground,and that each may choose to harvest fish in either a restrained or unrestrained fashion.What is the Nash equilibrium?


A) Fisher 1 and Fisher 2 both choose: no restraint
B) Fisher 1 and Fisher 2 both choose: restraint
C) Fisher 1 chooses restraint and Fisher 2 chooses no restraint
D) Fisher 1 chooses no restraint and Fisher 2 chooses restraint

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