Exam 14: Game Theory and Strategic Behavior

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.

Consider a repeated prisoner's dilemma game.The likelihood of a cooperative outcome rises when

The prisoners' dilemma shows that in a Nash equilibrium

**Reference: In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (30-33). -*In Game 3 above,

**Reference: In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (50-51). -*In Game 9 above,

**Reference: In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (37-41). -*In Game 5 above,if the players move sequentially with Player B choosing first,the Nash equilibrium will be

**Reference: In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (50-51). -*Game 9 has the structure of a

Pure strategy

**Reference: In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (25-26). -*In Game 1 above,

Which of the following statements is not true?

**Reference: In the following games, all payoffs are listed with the row player's payoffs first and the column player's payoffs second (27-29). -*Which statement below is correct concerning Game 2 above?