Question
Bob new product no new product Alice new 600, 700 1000, 500 no new product 400, 1000 800, 1200 Would the above be an example
Bob new product no new product Alice new 600, 700 1000, 500 no new product 400, 1000 800, 1200
Bob | |||
new product | no new product | ||
Alice | new | 600, 700 | 1000, 500 |
no new product | 400, 1000 | 800, 1200 |
Would the above be an example of a 2 player game that IS NOT a prisoner's dilemma game?
would I be correct in that A's dominant strategy is to introduce a new product no matter what B does.
B does not have a dominant strategy and will follow whatever A does. The Nash equilibrium is to introduce new products. Please add or correct what I have done.
The original question was: Devise a 2-player game (depicted on the matrix below) that is aNOTa Prisoner's Dilemma game where players each have 2 strategy decisions (that are different from one another). Name your players and indicate the strategies on the table. Explain the dominant and dominated strategies. Is there a Nash equilibrium? If so what is it? If not, explain why.
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