Cooperate-cooperate is Pareto optimal (even when including mixed strategies).
Am I right in thinking cooperate-defect is also Pareto optimal for both games (although obviously not optimal for total utility)? If they are iterated then a set of results is Pareto optimal provided at least one person cooperated in every round.
Am I right in thinking cooperate-defect is also Pareto optimal for both games (although obviously not optimal for total utility)? If they are iterated then a set of results is Pareto optimal provided at least one person cooperated in every round.
That’s right, only (Defect, Defect) is Pareto dominated in PD and Chicken games