Unformatted text preview: does not, the former will walk and the latter will be sent to prison for 5 years. If both confess, there will be some leniency and each will only do 4 years. This situation gives rise to the following strategic game: Suspect 2 Confess Not Confess Confess-4,-4 0,-5 Suspect 1 Not Confess-5,0-1/2, -1/2 This game can be solved by deleting strictly dominated strategies. However, the solution of (Confess, Confess) makes everyone worse off (i.e. is Pareto dominated by) the situation in which neither confesses. This feature of the Prisoner’s dilemma is why it has attracted so much attention....
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- Fall '10
- Game Theory, Confess Confess Suspect