Refer to the above figure. The figure gives the payoff matrix for two individuals who are being accused of robbing a bank together. Which of the following is the outcome of the dominant strategy without cooperation?
A) Both confess.
B) Both don't confess.
C) Bob confesses while Harry does not confess.
D) Harry confesses while Bo does not confess.
A
Economics
You might also like to view...
Excess volatility refers to
A) the unwillingness of financial analysts to consistently recommend the same stocks. B) the greater volatility of futures prices compared to the volatility of prices of the underlying assets. C) the tendency for stocks with high rates of returns also to have quite variable returns. D) the larger movements in market prices of stock than in their fundamental values.
Economics
The production function has ____ on the horizontal axis
a. real GDP b. capital stock c. technology d. labor input
Economics