Prisoners Dilemma
A game theory scenario where two rational individuals might not cooperate, even if it is in their best interest to do so, due to mistrust and the risk of being exploited.
124
1.16K reads
CURATED FROM
IDEAS CURATED BY
As an avid freakonmics listener, I decided to compile a list of my own personal favorite economic facts and.
“
Similar ideas to Prisoners Dilemma
The Prisoner's Dilemma
It is a famous thought experiment in Game Theory. Two prisoners in separate interrogation rooms have two options: to confess or to lie, and this can lead to three outcomes:
- If both confess, they both serve eight years in prison.
- If both lie, then they both serve one year in ...
The Millennials Dilemma
The Prisoners Dilemma can be reimagined as a life-optimization matrix. When two people have some free time due to a time-saving technique, they can spend it either on leisure or further work. This can have three outcomes:
- Both individuals choose to work harder in their free time, rem...
Psychological processes behind debt account aversion
- The Prospect Theory suggests individuals are more sensitive to a loss than a gain of an equal amount. The urge to get in the black is so strong that people are motivated to pay off small debs without considering their interest rates.
- The Goal-Gradient Theor...
Read & Learn
20x Faster
without
deepstash
with
deepstash
with
deepstash
Personalized microlearning
—
100+ Learning Journeys
—
Access to 200,000+ ideas
—
Access to the mobile app
—
Unlimited idea saving
—
—
Unlimited history
—
—
Unlimited listening to ideas
—
—
Downloading & offline access
—
—
Supercharge your mind with one idea per day
Enter your email and spend 1 minute every day to learn something new.
I agree to receive email updates