THE PRISONERS' DILEMMA: ESSENTIAL FEATURES Consider the following simple model of the Mile End Park Beautification Initiative (from the lectures). Fini There are two students, each of whom can choose to plant flowers (F) or not to plant flowers (N). If both students plant flowers, then the (flower appreciation) benefit is 120 to each player. If exactly one student plants flowers, then the benefit is 65 to each player. The cost to either player of planting flowers is c > 0, regardless of the other player's choice. Each student starts (before any costs or benefits) with a payoff of zero. The above assumptions lead to the following game in strategic form. F F. 120 – c, 120 – c - 65 – c, 65 N 65,65 – C 0,0 Suppose that c < 120. This game is a prisoners' dilemma if and only if the parameter c is strictly greater than which value?

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Answer Answer 65 Explanation For the above game to ... View the full answer