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S E46: Game Theory - Thinking Strategically

Think Like An Economist

CHAPTER

The Prisoner's Dilemma

Even when it's in our joint interest to co operate, sometimes we fail. This is one of the most important insights in social science. The prisoner's dilemma comes up in all sorts of senarios - not just ones involving jail time. Think about politics. Yes, so i think there's too much money in politics. And if i run for congress, i want to commit to not taking corporate donations. But i'm also disgusted by the influence of money in politicians. Indso given that we both agree on this noble aim betty, it should be pretty easy for us to agree not to take corporate donations. I'm guessing it's going to be harder than that, though, because

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