Essay On Prisoner's Dilemma

Often during the course of the a B-school program, students be face up with the dilemma of whether to unravel for a congregation subsidisation or to weeny individually for an impend mid-term psychometric test. | A B | dress ON ECO declare oneself | invent FOR MANAC | |WORK ON ECO PROJECT |10,10 |30,10 | |STUDY FOR MANAC |10,30 |30,30 | A guileless case of this predicament happened latterly when we were so-called to work on the meeting assignment for Economics. The MANAC Mid-Term examen was overly scheduled to be held on the day when the assignment had to be submitted. Now this conference assignment was for 10 tag whereas the weightage for the MANAC Mid-Term examination was 30 tag. So everyone in the group was approach with the dilemma of whether to study for the impending MANAC exam which was for 30 marks or to work on the group project which was for 10 marks. The final payments for the dilemma faced by the students are tabulated below.

The payoffs inclined below in the control board, are those for two students (A,B) of the same group who need to work on the eco assignment. The payoffs given in the t fit have been arrived at expect that the students go forth be able to maximize their tons in both the group assignment as closely as the MANAC exam. TABLE 1 Now, regardless of the dodge B chooses, A will always have a better payoff if he chooses to study for MANAC. That is, as per the prisoners Dilemma, canvass for MANAC is the dominating strategy for A. ?A( subject for MANAC, achievement For Eco Project) > ?A ( produce on Eco Project, Work for Eco) i.e. 30 > 10 ?A( Study for MANAC, Study for MANAC) > ?A (Work on Eco...If you regard to get a mount essay, order it on our website: Orderessay

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