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Seeprisoners-dilemmaExamples of 'prisoner's dilemma' in a sentenceprisoner's dilemma First, it is not possible to solve the prisoner's dilemma by appeasing the dissidents.It is just suffering from a prisoner's dilemma.Global co-ordination is the ultimate prisoner's dilemma: when everyone pulls together, everyone benefits.The most famous piece of game theory is the prisoner's dilemma.It is the ultimate prisoner's dilemma.If the prisoner's dilemma is repeated over and over again, it can make sense to co-operate - for instance you don't betray until you are betrayed.In their experiment they constructed a series of 'prisoner's dilemma' games, often used in psychological tests to discover what makes people co-operate or 'defect'.A prisoner's dilemma is created by the particular structure of incentives and punishments, and the best way out is to change this structure.The mathematical elegance of game theory, illustrated by the 'prisoner's dilemma', provides the core starting point for the contemporary discussion.Students of business pyschology, game theory and the 'prisoner's dilemma' will be fascinated by this episode. |