Looking at the game theory behind congressional debt ceiling negotiations, we see a classic example of the prisoner’s dilemma.
The one similarity shared by the U.S. China Trade War, OPEC negotiations, and two burglars separated in jail is the Prisoners’ Dilemma.
The success of a decision to use Waze, Google Maps, and other mapping apps to avoid traffic can depend on outsmarting the prisoner’s dilemma.
Planning their surcharge policy for the holiday shipping surge, UPS and FedEx each was influenced by the Prisoners’ Dilemma.
Economists can explain more about soccer than we might expect. Why, for example, do players rarely kick down the middle when taking a penalty? This takes us to “The Prisoners’ Dilemma.” Please assume that when arrested, two bank robbers do…