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game theory (27) decision theory (13) cooperation (10) Prisoner's Dilemma (9) rational choice (6) Nash equilibria (5) backward reasoning (3) reciprocity (2)

Introduction to Prisoners' Dilemma

Scott introduces the Prisoners' Dilemma, showing how rational reasoning leads two criminals to defect against each other even when mutual cooperation would benefit both, then explores why iterating the dilemma doesn't fully solve the problem.

lw
Jun 30, 2012 1,482 words 66 likes 6 comments Read Read Opened Opened
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