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    Equilibrium in the one-shot prisoners' dilemma

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    In any strategic game:

    a. different strategies result in different payoffs.
    b. each player is aware of all prior moves.
    c. the allocation of positive payoffs is an equilibrium outcome.
    d. multiple equilibrium outcomes are stable.

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    In any strategic game:

    As per pit, Equilibrium is not "The best possible outcome. Equilibrium ...

    Solution Summary

    This discusses about the Equilibrium in the one-shot prisoners' dilemma.