In a classic prisoners\' dilemma example, Larry and Duncan, possible criminals,
ID: 1110954 • Letter: I
Question
In a classic prisoners' dilemma example, Larry and Duncan, possible criminals, will get one year in prison if neither talks, two years in jail if both talk, and if one talks that one goes free while the other gets five years. (Note: The payoffs are negative because they represent years in jail, which is a negative payoff.) Larry The payoff matrix for Larry and David is illustrated to the right. Confess Not confess Given this payoff matrix and the payoffs, each criminal 0 A. has an incentive to rationally confess O B. seeks to maximize joint payoffs ° C. does not know the payoffs Confess Duncan D. can not determine their best response E. will only confess if the other does Not confessExplanation / Answer
Answer
Option A
The dominant strategy for both is confessed which is the rational strategy because it considers higher payoff in response to others strategy.
or we can say it is the best strategy for the more paly so the more players do not change it in response to the strategy of the other.
Suppose, If Larry Confess then Duncan also confess because the incentive is higher.
-2>-5
Suppose, if Larry does not confess then Ducan will confess because the incentive is higher.
0>-1
in the same way, Larry response to Ducan's strategies because of same payoff the both choose rationally to confess.