Multiple choice

Consider the following statements about the game called prisoner's dilemma. 1. It is a situation in which rational players will choose moves that produce an outcome in which all players are worse off.

  1. This game has been used to gain insight into arms race.
  2. This game represents two male teenagers spreading towards a head-on collision. Which of the statements given above is/are correct?

  1. 2 and 3 only

  2. 1 and 2 only

  3. 3 only

  4. 2 only
Reveal answer Fill a bubble to check yourself
B Correct answer
Explanation

In the Prisoner's Dilemma, rational individual choices lead to a collectively worse outcome. It is frequently used to model the arms race. Statement 3 describes the 'Game of Chicken', which is a different strategic model.

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