The game shown below is best described as: A coordination game, An anti-coordination game, A prisoners' dilemma, A game with no Nash Equilibrium.
Understand the Problem
The question is asking to classify a game based on the given payoff matrix, identifying whether it fits the description of a coordination game, anti-coordination game, prisoner's dilemma, or a game with no Nash Equilibrium.
Answer
A prisoners' dilemma.
The final answer is a prisoners' dilemma.
Answer for screen readers
The final answer is a prisoners' dilemma.
More Information
In a Prisoner's Dilemma, each player has a dominant strategy that leads to a worse collective outcome. If both choose 'Deny,' they receive a better payoff, but individual rationality leads them to 'Confess.'
Tips
A common mistake is to confuse a Prisoner's Dilemma with a coordination game, where players benefit from making the same choice.
Sources
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