Prisioner's dilemma

cosmos 11th March 2017 at 8:34pm

See Game theory

In real-world experiments, roughly 70% of people choose to confess, and roughly 30% choose to refuse to confess.

The "rational choice" may not be optimal. If both agreed, then they could do better.

Repeated interaction could allow cooperation

We not only need more than communication, we need enforcement, a Contract... See Law. Also Education. All this helps by changing the payoffs. Video about all this