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"The two-person iterated Prisoner’s Dilemma is the E. coli of the social sciences, allowing a very large variety of studies to be undertaken in a common framework."
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Prisoner's dilemmaP
Prisoner's dilemma
Prisoner's dilemma
Prisoner's dilemma
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1Quotes
In game theory, the prisoner's dilemma is a thought experiment involving two rational agents, each of whom can either cooperate for mutual benefit or betray their partner ("defect") for individual gain. The dilemma arises from the fact that while defecting is rational for each agent, cooperation yields a higher payoff for each. The puzzle was designed by Merrill Flood and Melvin Dresher in 1950 du
