Consider the Following Payoff Matrix Facing Two Criminals Their Options Are to Confess or Not to Confess
Consider the following payoff matrix facing two criminals. Their options are to confess or not to confess. The payoffs represent the number of years each will spend in jail. The Nash equilibrium for the payoff matrix shown is:
A) A: 20 years, B: 20 years.
B) A: 50 years, B: 2 years.
C) A: 2 years, B: 50 years.
D) A: 10 years, B: 10 years.
Correct Answer:
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