What is a prisoners dilemma? A game that involves no dominant strategy A game wh

Question

What is a prisoners dilemma?
A game that involves no dominant strategy A game which prisoners are stumped because they cannot communicate with each other A game in which players Acton rationale self interested ways that leave everyone worse off A game in which players Khalid to outfox authority What is a prisoners dilemma?
A game that involves no dominant strategy A game which prisoners are stumped because they cannot communicate with each other A game in which players Acton rationale self interested ways that leave everyone worse off A game in which players Khalid to outfox authority
A game that involves no dominant strategy A game which prisoners are stumped because they cannot communicate with each other A game in which players Acton rationale self interested ways that leave everyone worse off A game in which players Khalid to outfox authority

Explanation / Answer

Third option

There is a dominant strategy for both the players but that results in an outcome which is Pareto inefficient. If the players are able to observe each other's action, a better outcome can be achieved.

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