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







Related Discussions:- Describe one case that fits the story of prisoner dilemma, Assignment Help, Ask Question on Describe one case that fits the story of prisoner dilemma, Get Answer, Expert's Help, Describe one case that fits the story of prisoner dilemma Discussions

Write discussion on Describe one case that fits the story of prisoner dilemma
Your posts are moderated
Related Questions
what is externalities and market inefficiency

Suppose scientists discover that eating soybeans prevents cancer and heart disease

What are the costs and difficulties of such an operation? The direct costs are administrative, cooperative and storage costs, whereas the societal costs include misallocation,


Which of the following is a free good? Fresh water, forests in the northwestern United States, the advice of economists, or none of the above?

(a) Suppose Scientists discover that eating soybeans prevents cancer and heart disease.

Question 1: (a) The Mauritian government is now increasingly involving the private sector in the development of the economy. How can government support effective private secto

causes of monopoly

Dividends:Several companies pay a cash dividend (annually orquarterly) to the owners of its shares. This is an enticement to investors to buy that company's shares and signifies a

Uses of national income statistics: - It helps to organize economic data and activities. - It helps to classify economic activities into various segments or sectors. - It he