Economics - Advanced Economics - Game theory basics - The Prisoner's Dilemma

The classic prisoner's dilemma scenario. 'You and your partner are arrested. The police separate you and offer a deal.' You choose: Confess or Stay Silent. Your partner independently chooses too. Outcomes: Both silent → 1 year each. Both confess → 5 years each. You confess, partner silent → You go f

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Economics - Advanced Economics - Game theory basics - The Prisoner's Dilemma
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Economics - Advanced Economics - Game theory basics - The Prisoner's Dilemma

vivmagarwal
vivmagarwalJan 29, 2026

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The classic prisoner's dilemma scenario. 'You and your partner are arrested. The police separate you and offer a deal.' You choose: Confess or Stay Silent. Your partner independently chooses too. Outcomes: Both silent → 1 year each. Both confess → 5 years each. You confess, partner silent → You go f

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EconomicsAdvanced Economics

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