Economics: Difference between revisions
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=== Prisoner's Dilemma === | === Prisoner's Dilemma === | ||
* each prisoner does not know what the other will choose, so they choose the most beneficial to themselves | * each prisoner does not know what the other will choose, so they choose the most beneficial to themselves | ||
** even if choosing collectively would be more rational | ** even if choosing collectively would be more rational & mutually beneficial | ||
* see https://plato.stanford.edu/entries/prisoner-dilemma/ | * see https://plato.stanford.edu/entries/prisoner-dilemma/ | ||