Suppose that each of two prisoners has the independent choice of confessing to a crime or not confessing. Note that they cannot communicate with each other. If neither confesses, they spend 4 years in jail; if both confess, they spend 6 years in jail; and if one confesses while the other does not, the confessor gets off with 2 years in jail while the other gets 10 years in jail. According to game theory, the likely strategy by the prisoners is:____________.

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20-11-2019
Business

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Suppose that each of two prisoners has the independent choice of confessing to a crime or not confessing. Note that they cannot communicate with each other. If neither confesses, they spend 4 years in jail; if both confess, they spend 6 years in jail; and if one confesses while the other does not, the confessor gets off with 2 years in jail while the other gets 10 years in jail. According to game theory, the likely strategy by the prisoners is:____________.

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ewomazinoade ewomazinoade · Answer 1 · 2019-11-21T13:44:32+01:00

Answer: to confess.

Explanation:

Game theory is used to determine the optimal course of action for rational individuals.

Prisoners dilemma is a form game theory that seeks to find the optimal choice for prisoners between confessing and not confessing.

The optimal choice for the prisoner in this question is to confess because if he does, he spends 6 years in jail or 2 years in jail which is better to not confessing and spending either 4 yards or 10 years in jail.