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Consider the following prisoners' dilemma type game. This game is played by two players: Player A and Player B. The strategies that each player can play are "cooperate" or "defect". Construct a payoff matrix similar to the prisoner's dilemma type games presented in Chapter 17 (see Fig. 17.1 page 379; Fig. 17.2 page 381; Fig 17.3; 17.4 page 383). The payoffs are in terms of monetary profits (give numbers for payoffs for each player) Consider that this game is played just once, and find the following: - What is the dominant strategy for each player? - Compute the Nash equilibrium of this game; - What is the cooperative outcome? What happens to the outcome of this game if this game is played repeatedly? Why? Consider the following prisoners' dilemma type game. This game is played by two players: Player A and Player B. The strategies that each player can play are "cooperate" or "defect". Construct a payoff matrix similar to the prisoner's dilemma type games presented in Chapter 17 (see Fig. 17.1 page 379; Fig. 17.2 page 381; Fig 17.3; 17.4 page 383). The payoffs are in terms of monetary profits (give numbers for payoffs for each player) Consider that this game is played just once, and find the following: - What is the dominant strategy for each player? - Compute the Nash equilibrium of this game; - What is the cooperative outcome? What happens to the outcome of this game if this game is played repeatedly? Why

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