Introduction to Game Theory/Dominant Strategies
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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...