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The prisoner's dilemma — the price of rationality
game theory
Each player does better to defect whatever the other does, so both defect (1 each) though cooperation would give 3 each (gap sealed as 2). The Nash outcome is not the best: self-interest reaches a worse place than trust. The tragedy of the commons. Rests on economics and the mind.
source
Narrow Highway — game theory
card id
card_game_prisoners_dilemma
address
WIT.codex.FCT/the-prisoner-s-dilemma-the-price-of-rationality/REF.WITNESSED@narrow-highway
adjoining cards
- part of → Game theory — equilibrium, dilemmas, and strategy — a pillar of game theory (The prisoner's dilemma)
- connects at → Economics — minds that choose, meeting scarcity — dominant strategies and incentives - the dilemma is an economics of trust
- connects at → The mind — matter aware of itself — players reason about each other - rational agents
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