The prisoners' dilemma is a game in which
A) the dominant strategy for all participants is to choose a strategy that makes them all worse off.
B) the dominant strategy is to cooperate.
C) only one of the firms is able to make above-normal profits.
D) each firm, in making decisions on the basis of its own self-interest, also makes decisions that benefit the group as a whole.

Question

Quizplus · Accepted Answer

In the prisoners' dilemma, the dominant strategy for each participant is to choose a strategy that leads to a worse outcome for all involved, as they act in their own self-interest rather than cooperating.

The Prisoners' Dilemma Is a Game in Which