-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 of the dominant strategy without 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 of the dominant strategy without 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

In a scenario where both individuals act according to their dominant strategies without cooperation, each will choose to confess. This is because, for both Bob and Harry, confessing yields a better outcome regardless of the other's decision. Confessing minimizes their potential jail time compared to not confessing if the other person decides to confess.

-Refer to the Above Figure