POLI 260 Lecture Notes - Lecture 6: Gross National Income, Gross Domestic Product
7 Mar 2018
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Prisoners dilemma - common game used to model ir (jervis 171) Two criminals are arrested on charge of bank robbery. They are put in two cells and the police tells them. If you rat on your partner - defect and you partner stays silent - cooperates you go free and ur partner gets 25 eyars. 1 d - free, 2 s - 25. 1 s - 25, 2 d free. 1 s , 2 s - 5 years each 3. 1 d, 2 d - 10 years each worst. Suckers pay off cd: somewhat same as railroad example. Is there a move a player does everytime: avoiding the big risk, the worst possible outcome is being taken advantage of, the downside is bad. The only thing worse than us both cheating, is cheating and being taken advantage of. Ise there a move both players will take in each game.
