The Prisoner Dilemma

Review Prisoner Dilemma. Suppose the game starts with both Jesse and Frank planning to “Stay Mum” in the lower right cell. Discuss how each player would evaluate the situation and decide whether to change decisions. If each player makes decisions to minimize the penalty, in which cell will this game end? Is there a Nash equilibrium?

• Write a paper on the Prisoner’s Dilemma. Give a numerical example and show how each player would make decisions. (Chapter 15)
• Requirements: 300-500 words, APA format
• I attached chapter 15 to this post

This discussion board should be 250 words

• Write a paper explaining the strategic view of bargaining. Present a numerical example and discuss how each player would make decisions. (Chapter 16).
• Requirements: 300-500 words, APA format