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Entries Tagged as 'defect'

Game theory in 5 minutes

March 17th, 2011 11 Comments

The prisoner’s dilemma is a fundamental problem in game theory that demonstrates why two people might not cooperate even if it is in both their best interests to do so Why? Refer to the following payoff table (scale of 1-5, with 5 being the highest) Both cooperate – 3 points each One party cooperates and […]

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