Question: Consider a game with two players who cannot communicate, and in which each player is asked a question. The players can answer the questions honestly
Consider a game with two players who cannot communicate, and in which each player is asked a question. The players can answer the questions honestly or lie. If both answer honestly, each receives $100.If one playrr answers honestly and the other lies, the liar receives $500 and the honest player gets nothing. If both lie, then each receives $50.
a) Describe the strategies and payoffs of this game.
b) Construct the payment matrix.
c) Compare this game to the prisoner's dilemma. Are the two games similar or different? Briefly explain your answer.
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