Discover the iterated prisoner's dilemma, its strategies, examples, and impact on cooperation, providing insights into human ...
Why can individually rational decisions produce suboptimal outcomes? The Prisoner’s Dilemma offers one possible explanation. In economics, many of the most pressing challenges are not born from bad ...
A groundbreaking study conducted by researchers at Rissho University and Meiji University has uncovered unexpected findings about human cooperation. Using classic game theory, but two poorly explored ...
A simple game revealed why rational people often made choices that left everyone worse off. During the Cold War, the same ...
Citations: Murnighan, J. Keith, Alvin Roth. 1983. Expecting continued play in prisoner's dilemma games: A test of several models. Journal of Conflict Resolution. (2)297-300.