2min chapter

Think Like An Economist cover image

S E46: Game Theory - Thinking Strategically

Think Like An Economist

CHAPTER

The Prisoner's Dilemma

There's a natonal equilibrium here in which betsy accepts corporate contributions because she fears that justin will. And if betsy decides to take corporate contributions, then i'm going to have to accept them as well for the same reason. The alternative is letting betsy buy herself an election. There's a better world out there, but i don't know if i trust justine enough to help us get there. Like betsy, i want to get rid of money and politics. But honestly, i don't trust her to take the first step. So you're both sort of trapped in this outcome that neither of you want. That really is a dilemma, yet, it's

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