Which one of the following is a way to get out of a repeated Prisoner's Dilemma Nash Equilibrium?
A)Be envious
B)Try to decrease your competitor's pie while increasing your own
C)Do not be envious-focus on your slice of the profit pie
D)All of the above

Question

Which one of the following is a way to get out of a repeated Prisoner's Dilemma Nash Equilibrium?
A)​Be envious
B)Try to decrease your competitor's pie while increasing your own
C)Do not be envious-focus on your slice of the profit pie
D)​All of the above

Quizplus · Accepted Answer

The best choice is to not be envious and to focus on your own slice of the profit pie. This means cooperating with your competitor and striving for a mutually beneficial outcome. By doing so, you may be able to build trust and establish a new equilibrium that is more favorable for both parties. Trying to decrease your competitor's pie while increasing your own (option B) is not a sustainable solution as it could lead to retaliation and an endless cycle of tit-for-tat behavior. Being envious (option A) is also not a productive approach as it can lead to short-term gains but can ultimately harm both parties in the long run.

Which One of the Following Is a Way to Get