9: Feburary 6 4 Prisoners’ Dilemma 6 Payoff matrix 7 General scenario 10 Nash equilibrium corner -→ both players have dominant strategies which intersect. 11 Cooperative corner → if both play non-dominant 13 Red top row is dominant 14 Blue left col is dominant Red top row is dominant Nash equilibrium corner → top left 15 Red → B Blue → A Cooperative corner → row A col B Nash equilibrium crner → Row B col A 17 Traders’ Dilemma 33 Q → the dot tells you whether the person will cooperate Low Risk Strategy Not helping playing dominant strategy if everyone plays non-dominant strategy, you end up in a world where no one cooperates.
