1. The prisoners’ dilemma is that each prisoner would be better off if both prisoners ,                but both end up                            . 2.The cheaters’ dilemma is that all three cheaters...

1. The prisoners’ dilemma is that each prisoner would be better off if both prisoners ,
but both end up
  .

2.The cheaters’ dilemma is that all three cheaters would be better off if each
 , but each cheater has an incentive to
 . (Related to Application 3 on page 612