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Tag Archives: Prisoner’s Dilemma
Prisoner’s dilemma T-shirts
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When should you negotiate with terrorists?
From today’s NY Times: “The lone American prisoner of war from the Afghan conflict, captured by [the Taliban] nearly five years ago, has been released to American forces in exchange for five Taliban detainees held at [the US military prison in] Guantánamo … Continue reading
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Tagged Coordination Game, Current Affairs, Game of Chicken, Negotiation, Prisoner's Dilemma
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Does the Prisoner’s Dilemma falsify the Coase Theorem?
The Coase Theorem is an idea in law and economics that states that private bargaining will lead to an optimal allocation of resources when two conditions are met: when property rights are well-defined, and when there are no obstacles to voluntary … Continue reading
A history of the Prisoner’s Dilemma
The Prisoner’s Dilemma–or is it Prisoners’ Dilemma?–is not only one of the most famous models in game theory; it has also been described as a “compelling drama,” as “the most famous game of strategy in all of social science,” and … Continue reading
prior probability 