What is the Nash equilibrium of a prisoners dilemma game?

The Nash equilibrium is a decision-making theorem within game theory that states a player can achieve the desired outcome by not deviating from their initial strategy. The prisoners’ dilemma is a common game theory example and one that adequately showcases the effect of the Nash equilibrium.

What is prisoner’s dilemma also explain dominant strategy and Nash equilibrium?

According to game theory, the dominant strategy is the optimal move for an individual regardless of how other players act. A well-known example of where the Nash equilibrium plays out in game theory is the prisoner’s dilemma. Although independent concepts, the dominant strategy could also be the Nash equilibrium.

What is the dominant strategy in a prisoner’s dilemma game?

In the prisoner’s dilemma, the dominant strategy for both players is to confess, which means that confess-confess is the dominant strategy equilibrium (underlined in red), even if this equilibrium is not a Pareto optimal equilibrium (underlined in green).

What is the dominant strategy in game theory?

“Dominant strategy” is a term in game theory that refers to the optimal option for a player among all the competitive strategy set, no matter how that player’s opponents may play, and the opposite strategy is called “inferior strategy.” The AC&DC hybrid microgrid has two buses with different types of power sources.

What is dominant and dominated strategy?

Strategic dominance is a state in game theory that occurs when a strategy that a player can use leads to better outcomes for them than alternative strategies. A strategy is dominant if it leads to better outcomes than alternative strategies, and dominated if it leads to worse outcomes than alternative strategies.

When the player of a game chooses a dominant strategy quizlet?

a dominant strategy is one that yields a higher payoff regardless of the strategy chosen by the other player. In some games such as the prisoner’s dilemma, each player has a dominant strategy. Equilibrium occurs in such games when each player chooses his or her dominant strategy.

What is the dominant strategy in the Prisoners Dilemma quizlet?

In the prisoner’s dilemma, the dominant strategy is to confess. in prisoner’s dilemma it would be the result of both people confessing and thus getting a 15 year sentence.