Dear All,
I am staring the discussion on "Game Theory and its application."
To start with following is one puzzle. Please try to solve.
Two suspects arrested for a crime,
Prisoners decide whether to confess or not to confess,
If both confess, both sentenced to 3 months of jail,
If both do not confess, then both will be sentenced to 1 month of jail
If one confesses and the other does not, then the confessor gets freed (0 months of jail) and the non-confessor sentenced to 9 months of jail
What should each prisoner do?
Comming more in next post....
Regards,
I am staring the discussion on "Game Theory and its application."
To start with following is one puzzle. Please try to solve.
Two suspects arrested for a crime,
Prisoners decide whether to confess or not to confess,
If both confess, both sentenced to 3 months of jail,
If both do not confess, then both will be sentenced to 1 month of jail
If one confesses and the other does not, then the confessor gets freed (0 months of jail) and the non-confessor sentenced to 9 months of jail
What should each prisoner do?
Comming more in next post....
Regards,