15 Game Theory

Player2 c dnc c 66 09 player1 dnc 90 11 10

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Unformatted text preview: s, Player 1 is better off confessing. Thus, Confessing is a dominant strategy for Player 1 and Do Not Confess is a dominated strategy. Player 2 C DNC C ­6 , ­6 0 , ­9 Player 1 DNC ­9 , 0 ­1 , ­1 9 Prisoner’s Dilemma Game 2. Eliminate Strictly Dominated Strategies (Player 2’s Dominant Strategy) Since we know it is strategic for Player 1 to play Confess, to determine Player 2’s dominant strategy we compare Player 2’s years in jail. Since Player 1 C, Player 2 is better off confessing. Thus, Confessing is a dominant strategy for Player 2 and Do Not Confess is a dominated strategy. Player 2 C DNC C ­6 , ­6 0 , ­9 Player 1 DNC ­9 , 0 ­1 , ­1 10 Prisoner’s Dilemma Game ► 3. Solution to the Game Both Players playing the strategy which is best for them given what the ot...
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