The Bankers’ Dilemma
Posted on December 18, 2008 at 19:01 PM EST
One of the foundations of game theory is what is known as the “prisoner’s dilemma.” The scenario is as follows: 2 people are arrested for a crime. If both keep their mouths shut, they will both go free, but if one talks, he will go to jail for 5 years, and his ...
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