The equilibrium in a prisoner's dilemma is an example of:
A)the low-hanging fruit principle.
B)the comparative advantage principle.
C)the equilibrium principle.
D)the smart for one,dumb for all principle.

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.But the incentives steer individuals toward playing their dominant strategies.But the incentives steer individuals toward playing their dominant strategies.

The Equilibrium in a Prisoner's Dilemma Is an Example Of