They get offers to sell secrets of the other to tabloids

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Reference no: EM13834787

Suppose that Tamara and Vicki are both in the public eye. They get offers to sell secrets of the other to tabloids. If both keep the secrets, they are both better off than if they get exposed. If only one is exposed, the other person is better off than if no one was exposed. Suppose that Vicki and Tamara play the game over 4 television seasons (each season is a new game). Consider the following scenarios. Over four seasons, how much will Vicki make if she and Tamara both play tit-for-tat?

Over four seasons, how much does Vicki make if she always exposes and Tamara plays tit-for-tat?

Over four seasons, how much will Vicki make if she plays a tit-for-tat strategy and Tamara always exposes?

Over four seasons, how much will Vicki make if she and Tamara oth always expose?

Does Vicki have a dominant strategy when she and Tamara play for 4 seasons?

Tamara

Expose secrets Keep Secrets

Expose 5/5 10/2

Vicki

Keep 2/10 8/8

Tamara is 5,2,10,8

Vicki is 5,10,2, 8

Reference no: EM13834787

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