In the payoff matrix in Figure 20-1, if Prisoners A and B are in love and care
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In the payoff matrix in Figure 20-1, if Prisoners A and B are in love and care for each other as they care for themselves, what is the expected outcome of the prisoner’s dilemma game?
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FIGURE 20-1 Prisoner's Dilemma This payoff matrix illustrates the prisoner's dilemma. If the prisoners could agree not to confess, each would get a light sentence. But each prisoner is offered the chance to go free if he confesses to the crime and agrees to serve as a witness against the other prisoner. With this incentive, both will likely confess and each will be sentenced to 5 years in jail. B Confesses B Does not confess Prisoner A: 5 years A Confesses A Does not confess Prisoner B: 5 years Prisoner A: 10 years Prisoner A: Goes free Prisoner B: 10 years Prisoner A: 6 months Prisoner B: Goes free Prisoner B: 6 months
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