Evaluate the truthfulness of the following statements
I. A game situation in which there is a tension between the collective interest of all of the players and the self-interest of individual players is called a "prisoner's dilemma".
II. The Cournot and Bertrand models are examples of "prisoner's dilemma" games.
A) Both I and II are true.
B) Both I and II are false.
C) I is true; II is false.
D) I is false; II is true.

Question

Evaluate the truthfulness of the following statements 
I. A game situation in which there is a tension between the collective interest of all of the players and the self-interest of individual players is called a "prisoner's dilemma".
II. The Cournot and Bertrand models are examples of "prisoner's dilemma" games.
A) Both I and II are true.
B) Both I and II are false.
C) I is true; II is false.
D) I is false; II is true.

Quizplus · Accepted Answer

The prisoner's dilemma is a game situation in which there is a tension between the collective interest of all of the players and the self-interest of individual players. The Cournot and Bertrand models are examples of prisoner's dilemma games.

Evaluate the Truthfulness of the Following Statements