Suppose there are two small island countries: Avarice,which is populated by people who are completely self-interested and Altruism,which is populated by people who have adopted social norms of generosity and cooperation.
If two residents of Avarice play the Prisoner's Dilemma game,they are likely to:
A)never reach the Nash Equilibrium.
B)reach the Nash Equilibrium more often than would residents of Altruism.
C)reach the Nash Equilibrium less often than would residents of Altruism.
D)play their dominated strategies more often than would residents of Altruism.

Question

Quizplus · Accepted Answer

The Nash Equilibrium assumes self-interested players as are found on Avarice.

Suppose There Are Two Small Island Countries: Avarice,which Is Populated