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The Prisoner’s Dilemma

The Prisoner’s Dilemma. Both arrested during botched bank robbery. Kept in separate cells – NO COMMUNICATION. Offered separate deals if they confess and cooperate. The Prisoner’s Dilemma. Zack Confess Don’t Confess. Confess. Andreas. Don’t Confess. Payoff Matrix ↑.

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The Prisoner’s Dilemma

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  1. The Prisoner’s Dilemma • Both arrested during botched bank robbery. • Kept in separate cells – NO COMMUNICATION. • Offered separate deals if they confess and cooperate.

  2. The Prisoner’s Dilemma Zack Confess Don’t Confess Confess Andreas Don’t Confess Payoff Matrix ↑

  3. The Dominant Strategy: the strategy that is better for one player, no matter what the other player does. Zack Confess Don’t Confess Confess Andreas Don’t Confess

  4. The Dominant Strategy: there is not always a dominant strategy for both players, or for either player. Zack’s Tutoring Advertise Don’t Advertise Advertise Andreas’ Tutoring Don’t Advertise

  5. Nash Equilibrium: the point where both players have made their best choice, taking into consideration what the other player does. Zack’s Tutoring Advertise Don’t Advertise Advertise Andreas’ Tutoring Don’t Advertise

  6. Nash Equilibrium: the point where both players have made their best choice, taking into consideration what the other player does. Zack’s Tutoring Advertise Don’t Advertise Advertise Andreas’ Tutoring Don’t Advertise

  7. Nash Equilibrium: the point where both players have made their best choice, taking into consideration what the other player does. Zack’s Tutoring Advertise Don’t Advertise Advertise Andreas’ Tutoring Don’t Advertise

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