Ireland and England both fish in the Irish Sea. If this sea is over-fished, the

Question

Ireland and England both fish in the Irish Sea. If this sea is over-fished, the fish stocks will fall and fish will eventually become extinct. Both countries have to decide whether to fish a lot or a little. The payoffs are given in the table below.

England

Little

Lot

Ireland

Little

Ireland gains 5

England gains 5

Ireland loses 10

England gains 6

Lot

Ireland gains 6

England loses 10

Ireland loses 5

England loses 5

The outcome of this game is ________ , which illustrates the _________ .

England

Little

Lot

Ireland

Little

Ireland gains 5

England gains 5

Ireland loses 10

England gains 6

Lot

Ireland gains 6

England loses 10

Ireland loses 5

England loses 5

Explanation / Answer

Both countries think that if they take the decision of little, other country shall go for the strategy Lot. Thus, one country will get 10 and another 6. But both have same perception about each other and both end up selecting the Little (5, 5)

Hence, correct option is

Outcome of the game is both countries choosing to fish a little, which illustrates the prisoner dilemma

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