Describe one case that fits the story of prisoner dilemma, Microeconomics

Describe one case that fits the story of Prisoner Dilemma in not more than 10 sentences. It should fit the following features and it should not be any of the examples we already talked about in class.

a. The outcome that both players cooperate gives both players a higher payoff than the outcome that both players do not cooperate.

b. Each player's strictly dominant strategy is to not cooperate.

Posted Date: 3/18/2013 3:39:29 AM | Location : United States







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