Introduction to Game Theory/Dominant Strategies
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...