In the prisoner's dilemma game:
A) a stable outcome is impossible.
B) only one player has a dominant strategy.
C) a stable outcome is possible.
D) a commitment strategy is needed to reach a stable outcome.

Question

Quizplus · Accepted Answer

In the prisoner's dilemma game, a stable outcome is indeed possible. Both players can cooperate and reach a mutually beneficial outcome, but they need to trust each other and communicate effectively. However, if one player breaks the cooperation and defects, the other player is better off defecting as well, leading to the non-optimal outcome of both players defecting. Therefore, a stable outcome requires a level of cooperation and trust, which can be difficult to achieve without external mechanisms or incentives.

In the Prisoner's Dilemma Game