Question
Students need to describe why the devised payoffs are appropriate.In addition, you need to detail each player's best responses in the game, given what the
Students need to describe why the devised payoffs are appropriate.In addition, you need to detail each player's best responses in the game, given what the opposing player is doing, and you need to describe how the strategies lead to a prisoner's dilemma because of inherent positional externalities embedded within the game.Points will be awarded based on an appropriate technical description of the game, logical consistency in a game theoretical sense, and whether or not the described game and situation logically leads to a prisoner's dilemma because of inherent positional externalities.
Player 1:
Strategy 1:
Get Flu Shot
Strategy 2:
Don't Get Flu Shot
Strategy 1:
Get Flu Shot
3,3
2,4
Strategy 2:
Don't Get Flu Shot
4,2
7,7
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