Question
i am trying to see the difference between what is and what is NOT a prisoner's dilema game and how the strategies are different. I
i am trying to see the difference between what is and what is NOT a prisoner's dilema game and how the strategies are different. I need two different matrixes (one for each IS and NOT).
1. 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.
2. Devise a 2-player game (depicted on the matrix below) thatISa 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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