In a repeated prisoner's dilemma situation, cooperation can be achieved _____
a. if player A cooperates as long as player B cooperates
b. if player A continually defects on player B
c. if player A cooperates regardless of what player B does
d. never
a
You might also like to view...
How has the distribution of income changed in the past few decades?
What will be an ideal response?
An optimum currency area is a geographic region
A) with inflation near zero. B) that allows exchange rates to float. C) that has fixed exchange rates. D) for which the benefits of having a common currency exceed the costs.
Which of the following is an example of a positive statement?
a. Workers with families should be paid at least the minimum wage. b. If crime rates were reduced, the world would be a better place in which to live. c. Marginal tax rates should be reduced for individuals in the highest tax brackets. d. An increase in the price of gasoline will cause a reduction in the amount purchased. e. Corrupt politicians ought to be voted out of office.
The formal and informal institutions that support the economy including the laws, customs, manners, conventions, and other institutional under-pinnings that encourage people to pursue productive activity are called the rules of the game
Indicate whether the statement is true or false