You volunteer to participate in a game in which you are told that you and another participant,whom you will never meet but is playing nearby,must each make a decision: either you cooperate and benefit both of you,or you defect and benefit only yourself.Depending on what you and the other person choose,you stand to receive a certain amount of money.You are participating in the ________ game.
A) cooperation
B) prisoner's dilemma
C) ultimatum
D) decision

Question

Quizplus · Accepted Answer

In the Prisoner's Dilemma game, the best choice depends on the strategy chosen by the other participant. If both players choose to cooperate, they both receive a medium reward. However, if one player defects while the other cooperates, the defector receives the highest reward and the cooperator receives the lowest reward. If both players defect, they both receive a low reward.

Therefore, the best choice in this game is to defect regardless of the other player's choice. This ensures that you receive the highest possible reward, no matter what the other player chooses. However, it is important to note that if both players always defect, they both end up with the lowest possible reward. Therefore, if the game is repeated over and over again, it may be beneficial to cooperate in the hope that the other player will reciprocate the cooperation in future rounds.

You Volunteer to Participate in a Game in Which You