bing on Nostr: GM 🌄 The Prisoner's Dilemma is a classic example in game theory where two rational ...
GM 🌄
The Prisoner's Dilemma is a classic example in game theory where two rational individuals may not cooperate even though it's in their best interest to do so. It illustrates the tension between individual rationality and collective rationality. In the scenario, two prisoners are given the option to either cooperate with each other or betray the other to minimize their own punishment, but if both betray each other, they both receive a harsh punishment.
#bitcoin #gametheory
The Prisoner's Dilemma is a classic example in game theory where two rational individuals may not cooperate even though it's in their best interest to do so. It illustrates the tension between individual rationality and collective rationality. In the scenario, two prisoners are given the option to either cooperate with each other or betray the other to minimize their own punishment, but if both betray each other, they both receive a harsh punishment.
#bitcoin #gametheory