Question
Sam and Jessie are deciding to play Truth or Dare. To do so, they each make simultaneous choices of what to play without colluding. If
Sam and Jessie are deciding to play Truth or Dare. To do so, they each make simultaneous choices of what to play without colluding. If Sam and Jessie both choose Truth, then their payoffs are 2 each. If Sam and Jessie both choose Dare, then their payoffs are 1 each. If Sam chooses Truth and Jessie chooses Dare, Sam gets 0 and Jessie gets 3. If Jessie chooses Truth and Sam choose Dare, Jessie gets 0 and Sam gets 3.
2.1 Please draw the payoff matrix for this game.
2.2 Does Sam have a dominant strategy? Why or why not?
2.3 Does Jessie have a dominant strategy? Why or why not?
2.4 What is the Nash Equilibrium of this game?
2.5 Is this game a Prisoner's Dilemma? If so, why? If not, why not?
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