Question: Column Cooperate Defect Cooperate 10, ll) 0. 14 Row Defect 14, 0 2. 2 A. Suppose that Row and Column are completely self-interested and interact

 Column Cooperate Defect Cooperate 10, ll) 0. 14 Row Defect 14,

Column Cooperate Defect Cooperate 10, ll) 0. 14 Row Defect 14, 0 2. 2 A. Suppose that Row and Column are completely self-interested and interact in a one-shot game. 1. What strategy would you expect each player to play in a one-shot game? Why? 2. Is this a social dilemma? Why or why not? B. Suppose that both Row and Column are somewhat altruistic, so each $1 received by the other player is worth $0.50 to them. 1. Rewrite the payoffs in the table to account for the players' social preferences. 2. What strategy would you expect each player to play in a one-shot game? Why? 3. How can social preferences help individuals solve the Prisoner's Dilemma

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