The Prisoner's Dilemma

The Prisoner's Dilemma is a situation where you base your strategy on what you think the other party will do, and that party bases his strategy on what he thinks you will do. In game theory, the Prisoner's Dilemma illustrates how people's individual choices can lead to the worst situation possible.

Source: Gerald Friedman
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Last modified: Tuesday, October 5, 2021, 12:07 PM