2min chapter

Planet Money cover image

The ice cream conspiracy

Planet Money

CHAPTER

The Prisoner's Dilemma

Game theory nerds may recognize this as something called the Prisoner's Dilemma. If each ice cream company agrees not to compete, then they both win. Ben & Jerry's could retreat back to Chunky Town. Hagen Daz would go back to Smoothville. And there would be peace once again in the ice cream freezer. The battle escalates. Veiled threats are made. Each side is marshalling their forces. I picture a flavor scientist saying goodbye to his family. I might not make it back.

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