Prisoner's Dilemma The Dilemma: Two agents were caught by the police in a crime scene after the crime happened. (e.g., Adam and Ben) To interrogate them efficiently, Adam and Ben were interrogated in...

Prisoner's Dilemma

Extracted text: Prisoner's Dilemma The Dilemma: Two agents were caught by the police in a crime scene after the crime happened. (e.g., Adam and Ben) To interrogate them efficiently, Adam and Ben were interrogated in separate rooms. The police gave Adam and Ben, 3 conditions and 3 respective outcomes. Conditions Outcomes Condition 1 Outcome 1 If one admits, but the other The one is free, the other one gets remains silent; (5) years. Total of 5 years. Outcome 2 Condition 2 If both stay silent; They both get (1) year. Total of 2 years. Condition 3 Outcome 3 If both admit; They both get (2) years. Total of 4 years. Questions to ponder on: What condition will you pick? Why are 1 or 3 better than 2? а. b.