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n a classic prisoners' dilemma example, Larry and Duncan, possible criminals, will get one year in prison if neither talks, two years in jail if
n a classic prisoners' dilemma example, Larry and Duncan, possible criminals, will get one year in prison if neither talks, two years in jail if both talk, and if one talks, that one goes free while the other gets five years. (Note: The payoffs are negative because they represent years in jail, which is a negative payoff.) Part 2 The payoff matrix for Larry and David is illustrated to the right. Part 3 Given this payoff matrix and the payoffs, each criminal Part 4 A. can not determine their best response. B. seeks to maximize joint payoffs. C. will only confess if the other does. D. does not know the payoffs. E. has an incentive to confess
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