Prisoners' Dilemma and Nash Equilibrium

Watch this video about the Prisoners' Dilemma and the Nash Equilibrium. Keep in mind that this is a concept in game theory that applies to a market with few competitors, like an oligopoly.

Source: Khan Academy, https://www.khanacademy.org/economics-finance-domain/ap-microeconomics/imperfect-competition/oligopoly-and-game-theory/v/prisoners-dilemma-and-nash-equilibrium
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Last modified: Wednesday, February 24, 2021, 5:26 PM