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The prisoner’s dilemma isn’t a good fit here. The problem is, it assumes the prisoners can’t talk to each other and don’t have an ongoing relationship beyond t
by jmull 7y ago
The prisoner’s dilemma isn’t a good fit here.
The problem is, it assumes the prisoners can’t talk to each other and don’t have an ongoing relationship beyond the one transaction.
In fact, in general, social issues — from the personal level in up to global level - rarely, if ever, restrict he flow of information like that.”
- shkkmo 7y agoYes, the correct game theory analogy would be the classic "tragedy of the commons" where each player's behavior places a small cost on everyone but produces a larger benefit for themselves. When every player chooses to over utilize the commons, overall rewards decrease significantly.