Economic and Game Theory
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"Inside every small problem is a large problem struggling to get out." | |||||
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who sets those values???" Really, where do they come from? Is the choice -----------------|------------|------------------- of values arbitrary? My point is, it isn't and shouldn't be a higher value to SNITCH | PENALTY | PENALTY snitch on one's partner, nor if both sides cave in. If both partners really -----------------|------------|------------------ know each other, it is very much possible that neither will snitch on the STAND FIRM |PENALTY | GO FREE other AND (and here's the clincher) THEY WILL BOTH GET AWAY WITH -----------------|------------|------------------ WHATEVER THEY ARE ACCUSED!!!!!! Hence, here is another chart: I believe my chart is just as valid as any of the arbitrary numbers I've seen in any description of the Prisoner's Dilemma. [Manage messages] |