Based on their payoffs, which of the following statements is correct regarding Alan and Beatrice's strategies?
Understand the Problem
The question is asking about the dominant strategies of Alan and Beatrice based on their payoffs and preferences illustrated in the provided diagram. We need to analyze their choices between Deny and Confess and determine appropriate statements that reflect their strategies from the given options.
Answer
(D, D) is the dominant strategy equilibrium when selfish.
When both students are completely selfish, (D, D) is now the dominant strategy equilibrium.
Answer for screen readers
When both students are completely selfish, (D, D) is now the dominant strategy equilibrium.
More Information
When both players are completely selfish, they choose strategies that maximize their own payoff without regard to the other's payoff.
Tips
Common mistakes include misidentifying the dominant strategies and confusing selfishness with altruism within the game context.
Sources
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