A prisoner's dilemma game is the kind of game in which competition leads to a less-than-optimum outcome for both managers.

Question

Quizplus · Accepted Answer

In a prisoner's dilemma game, the players' rational choices lead to a less-than-optimal outcome for all players involved. This is because each player's optimal choice is dependent on what the other player chooses, creating a scenario where both players default to suboptimal choices to avoid the risk of a worse outcome. Therefore, the competition in a prisoner's dilemma game leads to a less-than-optimal outcome for both players.

A Prisoner's Dilemma Game Is the Kind of Game in Which