One interesting feature of a prisoner's dilemma game is that
A) non-cooperative behavior leads to lower payoffs than cooperative behavior.
B) it was only valid before the industrial revolution.
C) individuals behave irrationally when they behave non-cooperatively.
D) cooperative behavior leads to lower payoffs than non-cooperative behavior.

Question

Quizplus · Accepted Answer

In the prisoner's dilemma game, non-cooperative behavior leads to lower payoffs than cooperative behavior for both players. However, each player has an incentive to choose non-cooperative behavior, leading to a suboptimal outcome for both. This makes the game a classic example of the tension between individual rationality and collective rationality.

One Interesting Feature of a Prisoner's Dilemma Game Is That