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Introduction to Game Theory/Dominant Strategies

< Introduction to Game Theory

At the end of the last lesson we looked at the Matrix table for the Prisoner's Dilemma. It was as follows:

Prisoner's Dilemma Player 2
Confess Stay silent
Player 1 Confess (2,2) (1,4)
Stay silent (4,1) (3,3)

We also learned how to determine payoffs from this table. However, how can we analyse this table? Let's take a look...