5min chapter

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas cover image

161 | W. Brian Arthur on Complexity Economics

Sean Carroll's Mindscape: Science, Society, Philosophy, Culture, Arts, and Ideas

CHAPTER

The Prisoner's Dilemma Tournament

Complexity economics allows the economy to evolve in ways that wouldn't be possible if everyone moved in lock step. The prisoner's dilemma is this famous a game theory problem, and there's this idea that you have different algarithms for approaching it. A Swedish physicist called christianlindgren did a lovely piece of work imagining that there was a prisoner's dilemma tournament. He not only set up this computerized prisoner's dilemma tournaments, but he allowed that strategies, a given strategy, so you might be playing tit for tat consistently, a strategies could mutate. So normally i'm playing this prisoner's dilemma against similar strategies that are a bit different,. suddenly i'm faced

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