S E46: Game Theory - Thinking Strategically
Think Like An Economist
The Prisoner's Dilemma
We're going to look at a game called the prisoner's dilemma using our for step approach. The original story used to illustrate it involves two criminals who will call bonny and clyde. For each of these what if senarios, your goal should be to play your best response. And the fourth and final step is to put yourself in some one else's shoes. Your best choice will depend on what you and the other person may do, so you'll need to consider things from their side too.
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