What is the prisoners dilemma in game theory?
The prisoner’s dilemma is a two person game. It is most often described similarly to this: Two robbers have been caught. The police put them into separate rooms and begin to question them. If neither talks to the crime, they will both go to jail for two years. If they both talk, they will both go to jail for five years. If one talks, the person who talked will go free, but the other will go to jail for ten years. The game is looked at like this: First, distribute the rewards. I like to play this game backwards because the set up involves jail time (so I use the numbers to indicate time spent in jail, ergo lower is better). If you want to play it properly, where higher numbers mean the better reward, take my numbers and subtract them from 10. It’ll work fine that way. Set up a two by two grid. Label the top “Player 1” and the side “Player 2”. Above the first column, write “Talks”, above the second write “Does not talk”. Down the side put “Talks” at the top and “Doesn’t talk” on the bott
