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#250: The Art of Strategy

The Art of Manliness

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The Prisoner Dilemma in Game Theory

Games usually are a mixture of the both simultaneous and sequential. But in this case, there's still a predominant aspect of sequentiality. So let's move into specific games that I think people might have heard or have experienced with that kind of highlights some insights into game theory. One of them I think a lot of people have heard of is the prisoners dilemma. For those who aren't familiar with it, can you briefly explain what the prisoners dilemma is and then what insights about game theory does it provide us?

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