The prisoner's dilemma refers to games in which:
A)neither player has a dominant strategy.
B)one player has a dominant strategy and the other does not.
C)both players have a dominant strategy which results in a lower payoff than they would earn if they play their dominated strategies.
D)both players have a dominant strategy which results in the largest possible payoff.

Question

Quizplus · Accepted Answer

In the Nash Equilibrium of a prisoner's dilemma game,if both players play their dominant strategies each earns less than had each played their dominated strategies.

The Prisoner's Dilemma Refers to Games in Which