Game Theory

Mon, 08 Mar 2021 12:48:39 +0000

Prisoner's Dilemma is a famous paradoxical-ish thought experiment type example given to try and explain Game Theory. Two partners in crime have been captured and held separately and charged with various crimes. They are given an opportunity to exonerate themselves, by snitching on the other guy. The outcomes are that either both prisoners don't snitch and they both get a shorter sentence for the crimes committed, or one of them snitches and goes free while the other gets a long jail term, or they both snitch on each other and they both go to jail for long jail terms.