Understanding Prisoner’s Dilemma: A Game of Self-Interest and Cooperation
Introduction: The concept of Prisoner’s Dilemma, rooted in game theory, explores a fascinating paradox in which individuals driven by self-interest make choices that lead to suboptimal outcomes for all parties involved. This essay delves into the definition of Prisoner’s Dilemma, provides a real-life example, and explores its implications. Gain insights into decision-making, trust, and cooperation … Read more