Prisoner’s dilemma: Difference between revisions

Prisoner’s dilemma (view source)

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			''See also'': {{risk\|Prisoner’s dilemma}}<br>
	An exercise in calculating economic outcomes by means of {{tag\|metaphor}}, the prisoners dilemma was developed at the RAND corporation in the 1950s by those splendid brainboxes as a way of predicting individuals’ behaviour in situations requiring [[I believe\|trust]] among strangers - for very good example, when unacquainted participants buy or sell in an unregulated market. This field developed into [[game theory]].		An exercise in calculating economic outcomes by means of {{tag\|metaphor}}, the prisoners dilemma was developed at the RAND corporation in the 1950s by those splendid brainboxes as a way of predicting individuals’ behaviour in situations requiring [[I believe\|trust]] among strangers - for very good example, when unacquainted participants buy or sell in an unregulated market. This field developed into [[game theory]].