The Prisoner's Dilemma
After this lesson you will be able to…
- Understand the basic rules and payoffs of the prisoner's dilemma.
- Learn how to determine a player's best move regardless of the opponent.
- Analyze why rational individual choices lead to a sub-optimal group outcome.
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(0)This video solves prisoner's dilemma explained, using dominant strategy theory.
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Quiz: The Prisoner's Dilemma
FundamentalsAnswer each question based only on what was presented in the video lesson. No outside knowledge is required.
Practice: Prisoner's Dilemma and Dominant Strategies
PracticeApply what you learned about the prisoner's dilemma by reading payoff matrices, identifying dominant strategies, and finding equilibria. Show your reasoning for each answer.