Skip to main content

The Prisoners’ Dilemma




"The troubling aspect of this game, the reason it is infamous, is that it seems clear that each player’s best strategy is always to defect. Whichever pawn is in my hand, you will do better by defecting: if I have cooperated, then defecting will make you £20 richer than you would be by cooperating, and if I have defected then your defecting will spare you a loss of £10. Yet we collectively are punished for our cold rationality, for if we both defect then we are both worse off than if we had both cooperated."


http://bosker.wordpress.com/2012/07/23/the-prisoners-dilemma/
Labels:

Comments

Post a Comment

Popular posts from this blog

Dream

Post a Comment
Read more

ChatGPT rise

 
Post a Comment
Read more

Bribe

Interesting idea to make bribe's legal by Kaushik Basu.. Some titbits "An Indian website, ipaidabribe.com, set up last summer by anti-corruption activists, reveals just how grasping officials can be. It has documented over 8,500 instances of bribery adding up to nearly 375m rupees ($8.4m) in backhanders. These include 100 rupees to get a policeman to register a complaint about a stolen mobile phone and 500 rupees for a clerk to hand over a marriage certificate. The amounts are much larger to facilitate income-tax refunds, where the standard “charge” is 10%; sums between 5,000 and 50,000 rupees change hands" " The category of payments he would like to legalise are “harassment bribes”, made by a person to get things to which he is legally entitled. In such cases, Mr Basu argues, the giver should be granted immunity from prosecution and a proven complaint should result not only in punishment for the corrupt official but also in a “refund” for the bribe-giver. These step...
Post a Comment
Read more