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 prison.
- If one of them confesses and one of them lies, then the liar gets maximum prison and the confessor goes free.
This thought experiment tells us that when we make decisions, the ones which are taken by others also factors in.
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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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