Good observation. The PD was confirmed when humanities students played it, they cooperated, and when business students played they defected (with both prisoners receiving the longer punishments). That is what makes it a dilemma, selfish bastards fail most of the time. Note some of the work on multi-period games that sustained cooperation by Complexity Economists for more effective strategies.

--

--

Greg Daneke, Emeritus Prof.
Greg Daneke, Emeritus Prof.

Written by Greg Daneke, Emeritus Prof.

Top Economics Writer, Gov. service, corp consulting, & faculty posts (e.g., Mich., Stanford, British Columbia). Piles of scholarly pubs & occasional diatribes.

Responses (1)