Question: 1. Why is this a dominant strategy game? 2. How would Nigels choice of strategy be affected if he had instead been involved in a
1. Why is this a dominant strategy ‘game’?
2. How would Nigel’s choice of strategy be affected if he had instead been involved in a joint crime with Rikki, Kate, Amrita and Dave, and they had all been caught?
i. Give some other non-economic examples of the prisoners’ dilemma?
ii. Can collusion by firms overcome the prisoners’ dilemma?
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1 Because whatever assumption is made about the others behaviour each prisoner is likely to confess ... View full answer
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