Explore BrainMass
Share

Explore BrainMass

    Equilibrium in the one-shot prisoners' dilemma

    This content was COPIED from BrainMass.com - View the original, and get the already-completed solution here!

    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.

    © BrainMass Inc. brainmass.com October 9, 2019, 11:05 pm ad1c9bdddf
    https://brainmass.com/economics/general-equilibrium/equilibrium-one-shot-prisoners-dilemma-244045

    Solution Preview

    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.

    $2.19