If games are repeated ... every day you make economic choices similar to those in the prisoner's dilemma. Take littering, for example: Everyone is better off if they drop their rubbish in a ...

The prisoner’s dilemma is a common game theory example and is often used to showcase the effect of the Nash equilibrium. The Nash equilibrium is often discussed in conjunction with the dominant ...

The prisoner's dilemma is a game used by researchers to model and ... In the case of addiction, for example, having a cigarette or a drink is in the interest of the present self but not the ...

He has taught economics courses on games of strategy ... Every general reader has heard of the prisoner's dilemma. The police interrogate two suspects separately, and suggest to each that he ...

The prisoner's dilemma is a particularly useful game-theory model for understanding strategic behavior. In the classic model, two criminals are suspected of committing a major crime. The police ...

Consider another classic game theory problem - the Prisoners' Dilemma. The conditions of the ... How does this example lead to cooperation in biological interactions? For biological interactions ...

Citations: Roth, Alvin, J. Keith Murnighan. 1978. Equilibrium behavior and repeated play in prisoners' dilemma games. Journal of Mathematical Psychology. (2)189-198.