In the prisoners' dilemma,
A)the prisoners easily collude in order to achieve the best possible payoff for both.
B)only one player has a dominant strategy.
C)when each player chooses his dominant strategy the players achieve the best joint outcome.
D)when each player chooses his dominant strategy the players reach a Nash equilibrium.

Question

Quizplus · Accepted Answer

In the prisoner's dilemma, each player has a dominant strategy - to defect, regardless of what the other player does. When both players choose to defect, they reach a Nash equilibrium, where neither player can improve their payoff by unilaterally changing their strategy. Therefore, the best choice is D - when each player chooses their dominant strategy, they reach a Nash equilibrium.

In the Prisoners' Dilemma