Changes

The strategy "confess" is a strictly [[dominant strategy]]: The choice of the Prisoner B does not change the way Prisoner A will act. The "confess/confess" scenario is also the only [[Nash equilibrium]] in this problem.

The strategy "confess" is a strictly [[dominant strategy]]: The choice of the Prisoner B does not change the way Prisoner A will act. The "confess/confess" scenario is also the only [[Nash equilibrium]] in this problem.

When a situation like the prisoner's dilemma, where the Pareto efficient outcome is not the actual outcome, occurs in a market economy, that is an example of a [[market failure]].

When a situation like the prisoner's dilemma, where the Pareto efficient outcome is not the actual outcome, occurs in a market economy, that can be an example of a [[market failure]].

==Iterated Prisoner's Dilemma==

==Iterated Prisoner's Dilemma==