-Refer to the above figure. The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. Which of the following is the outcome with cooperation?
A) Both confess.
B) Both don't confess.
C) Bob confesses while Harry does not confess.
D) Harry confesses while Bo does not confess.

Question

-Refer to the above figure. The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. Which of the following is the outcome with cooperation?
A) Both confess. 
B) Both don't confess. 
C) Bob confesses while Harry does not confess. 
D) Harry confesses while Bo does not confess.

Quizplus · Accepted Answer

The outcome with cooperation in the context of a payoff matrix usually refers to both parties choosing the option that is mutually beneficial or least damaging if they are working together or coordinating their choices. In this scenario, "Both don't confess" represents the cooperation outcome, as it implies that both individuals are working together to achieve a better outcome for themselves by not confessing to the crime.

-Refer to the Above Figure