150 likes | 203 Views
The Prisoner’s Dilemma Game. Kevin Hinde. A General Form of the Prisoner’s Dilemma Game. YOU. C. D. C. ( 3 , 3 ). ( 0 , 5 ). ME. ( 1 , 1 ). D. ( 5 , 0 ). Examples ……. The Original Prisoner’s Dilemma. Collusive Behaviour. Collusive Behaviour. http://www.opec.org. Alliances.
E N D
The Prisoner’s Dilemma Game Kevin Hinde
A General Form of thePrisoner’s Dilemma Game YOU C D C (3,3) (0, 5) ME (1, 1) D (5, 0)
Collusive Behaviour. http://www.opec.org
A few solutions…… • Change the payoffs. • The existence of property rights. • The State. • Self-regulation.
Prisoner’s Dilemma Game: Round 2,3,4…..n YOU C D C (3,3) (0, 5) ME (1, 1) D (5, 0)
Tit for Tat • Nice • Retaliatory • Forgiving • Clear