Question
Provide two example from practical life based on the idea of Prisoner Dilemma Game where invisible Hand Theory fails. Now change the payoff in both
Provide two example from practical life based on the idea of Prisoner Dilemma Game where
invisible Hand Theory fails. Now change the payoff in both of these games so that invisible
hand theory holds . Take Alphabet counts as 15. which means pay off in nash equilibrium cell will be (150,150)
NOTE: Make sure that the pay off in the NE cell is equal to the number of alphabets in your
full name multiply by 10. For example, alphabet in Anwar Shah is 9 and when multiplied by10,
we get 90. So the payoff in the NE of PD for a student having nine alphabets in his/her name
will be (90, 90)
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