We will use a prisoner’s dilemma where mutual cooperation produces utility 2, mutual defiction (sic) produces utility 0, and exploitation produces utility 3 for the exploiter and 0 for the exploited. Each player will also pay a penalty of ε times its depth.
Am I reading this correctly if I think that (cooperate, defect) would produce (0, 3) and (defect, defect) would produce (0, 0)? Is that an error? Because in other parts of the text it looks like (defect, defect) should be (1, 1). Also, (cooperate, defect) should be a nash equilibrium if my interpretation is correct.
Am I reading this correctly if I think that (cooperate, defect) would produce (0, 3) and (defect, defect) would produce (0, 0)? Is that an error? Because in other parts of the text it looks like (defect, defect) should be (1, 1). Also, (cooperate, defect) should be a nash equilibrium if my interpretation is correct.
That was wrong. Fixed it. Thanks.