NASH EQUILIBRIUM What is the Nash equilibrium? A. The strategy pair associated w

Question

NASH EQUILIBRIUM

What is the Nash equilibrium? A. The strategy pair associated with (-8, -8) B. The strategy pair associated with (-1, -12) C. The strategy pair associated with (-12, -1) D. The strategy pair associated with (-3, -3) E. There is no pure strategy Nash equilibrium What is true about dominate strategies in the game? A. "Confess" and "Confess" are dominate strategies B. "Confess" and "Lie" are dominate strategies C. "Lie" and "Confess" are dominate strategies D. "Lie" and "Lie" are dominant strategies E. There are no dominant strategies The game above is: A. constant-sum B. cooperative C. zero-sum D. a Prisoners' Dilemma

Explanation / Answer

7.) D

8.) E

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