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PLEASE SEE NOTES IN PICTURE BOX. Prisoner's dilemma. Two people are suspected of robbing a bank. They are being interrogated in separate rooms. If both

PLEASE SEE NOTES IN PICTURE BOX.

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Prisoner's dilemma. Two people are suspected of robbing a bank. They are being interrogated in separate rooms. If both stay silent, they can be convicted of a lesser crime and sentenced to only 06 months. If one confesses {or "defects"} and the other does not, the confessor goes free as a reward for cooperating while the other suspect will be sent to prison for 8 years. If both defect, each go to prison for 4years. Create a payoff matrix from the point of View of Suspect #1. Type an integer or a decimal as needed. Suspect #2 is silent Suspect #2 confesses Suspect #1 is silent Suspect #1 confesses ANSWERS ARE NOT: 0.5,0.5 I 8,0 0.8 I 4.4 eTextbook and Media Assistance Used The payoffs are given as prison time, where a negative value is the number of years in prison

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