Prisoner's dilemma - is a two-person scenario in which (1) Player A stands to benefit more from a transaction by acting selfishly toward Player B if B offers to collaborate, and vice versa; but, (2) A and B together might obtain a bigger total payoff by collaborating than by acting selfishly in both cases. The typical result of a Prisoner's Dilemma is that both players act selfishly, which results to a poor decision for both.
With this system, one may strike a balance between rivalry and competitive for the benefit of all parties.
According to game theory, a situation where two players act selfishly would ultimately lead to a poor decision or getting smaller rewards for both is known as a prisoner's dilemma. The prisoner's dilemma also demonstrates the fact that sometimes, collaboration is not the best course of action.
To learn more about Prisoner's dilemma, refer
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Answer:
A negative balance of trade a nation is caused by
when a country imports more than its export
Explanation:
In another words this means that you know when a country with a trade deficit has spent more money than it has made in international trade with the rest of the world
Answer:
What was the most serious task that the convention faced <u>was to find the equilibrium between the authority and the liberty.</u>
Explanation:
As the convention is the arrangement of the meeting between the delegates, members of the political parties. As the convention which is under-consideration in this was held by United States political parties, in the year of 1787 which was chaired by President George Washington. As the convention was held to arrange the different constitutional pathways to run the state and make it very clear for each and every citizen for the United States to live inside the territory.
The question that Jake should refer to as he proceed to make an ethical decision is :
Response feedback
It's a type of communication in which a subject/ a person that know more convey their knowledge to another subject in order for them to learn
Answer:
You can't earn more than $1,310 per month
Explanation:
