Key Takeaways The Prisoner’s Dilemma is a situation where two people must make a decision that either benefits both parties ...

How MLK's strategic nonviolence reflects the Prisoner’s Dilemma—and what that game theory reveals about today’s affordability ...

Imagine this: You and an acquaintance, let's call him Patrick, have the untoward idea of robbing a bank during broad daylight. To your chagrin, it doesn't work out and you both end up downtown. The ...

In economics, there’s a thought experiment called the “prisoners’ dilemma” that describes a scenario in which two rational people fail to reach a win-win outcome by cooperating. Neither person can ...