Completed 58 out of 60 Question 43 of 60 > Which of these must be TRUE of a prisoner's dilemma outcome? O There exists no other outcome that is better for both players. O Neither player has a dominant strategy in the game. O There is no opportunity to collude or cooperate to improve both players' payoffs. O It is a Nash equilibrium resulting from each player using its best-response strategies. EGO EGO

Microeconomic Theory
12th Edition
ISBN:9781337517942
Author:NICHOLSON
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Chapter8: Game Theory
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Completed 58 out of 60
Question 43 of 60 >
Which of these must be TRUE of a prisoner's dilemma outcome?
O There exists no other outcome that is better for both players.
O Neither player has a dominant strategy in the game.
O There is no opportunity to collude or cooperate to improve both players' payoffs.
O It is a Nash equilibrium resulting from each player using its best-response strategies.
EGO
EGO
Transcribed Image Text:Completed 58 out of 60 Question 43 of 60 > Which of these must be TRUE of a prisoner's dilemma outcome? O There exists no other outcome that is better for both players. O Neither player has a dominant strategy in the game. O There is no opportunity to collude or cooperate to improve both players' payoffs. O It is a Nash equilibrium resulting from each player using its best-response strategies. EGO EGO
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