Business, 26.06.2019 04:30 hannahkelly3618

Consider a game with two players who cannot communicate, and in which each player is asked a question. the players can either answer honestly or lie. if both answer honestly, each receives $100. if one answers honestly and the other lies, the liar receives $500 and the honest player gets nothing. if both lie, then each receives $50. describe the strategies and the payoffs. what is the equilibrium of this game? compare this game to the prisoners' dilemma. are the games similar or different? explain. the strategies are

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