Trusted by Students Everywhere
Why Choose Us?
0% AI Guarantee

Human-written only.

24/7 Support

Anytime, anywhere.

Plagiarism Free

100% Original.

Expert Tutors

Masters & PhDs.

100% Confidential

Your privacy matters.

On-Time Delivery

Never miss a deadline.

What is a change that could happen in your situation so that both people could cooperate, even if they only care about themselves? (For example, in the situation with two prisoners who worked for the mafia, they would cooperate because there was a rule that whoever got killed would defect

Economics Dec 12, 2020

What is a change that could happen in your situation so that both people could cooperate, even if they only care about themselves? (For example, in the situation with two prisoners who worked for the mafia, they would cooperate because there was a rule that whoever got killed would defect. For the two runners, we said that they might cooperate if they were repeatedly interacting with each-other).
Describe a Prisoner's Dilemma Situation. (You CAN'T use the example of two prisoners, or the example of two runners. Make up a NEW situation). of

Expert Solution

A PRISONER'S DILEMMA SITUATION

Take the case of two students of a school who decided to pull a prank at a school assembly. The unknowingly start a fire in between the prank and are called to the principal's office as they are suspected for starting the fire. Both of them are imterrogated seperately to know who started the fire. Anybody who is blamed would be expelled. So, if both students blamed each other, both would be held accountable and expelled. If either one blamed the other while the other kept silent, one student would be expelled. In the case of both students staying silent and not spilling out the truth, none of them would be expelled. But the students who are not aware of this act only in their best interest and blame the other. What they each do in their bet interest turn out to collectively harm them both.

There can be an escape from this prisoner's dilemma if a change is brought to the situation, even though the students act in their best interest. In this situation, if the students are siblings, they would act differently. They would want their own best interest but would not want to harm their sibling in the process and get them expelled. So in their best interest they choose to stay silent, which incidentially gives the best outcome of none of the students being expelled.

Archived Solution
Unlocked Solution

You have full access to this solution. To save a copy with all formatting and attachments, use the button below.

Already a member? Sign In
Important Note: This solution is from our archive and has been purchased by others. Submitting it as-is may trigger plagiarism detection. Use it for reference only.

For ready-to-submit work, please order a fresh solution below.

Or get 100% fresh solution
Get Custom Quote
Secure Payment