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.
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As an avid freakonmics listener, I decided to compile a list of my own personal favorite economic facts and.
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Similar ideas to Prisoners 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:
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:
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