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The restatement of PD is wrong. Try "PDs show that there are some circumstances in which rational self-interest results in worse outcomes for ALL players (than
by Nomentatus 4y ago
The restatement of PD is wrong. Try "PDs show that there are some circumstances in which rational self-interest results in worse outcomes for ALL players (than other, say sentimental or irrational strategies.)" So morally-driven or religious people can get better results, even measured selfishly, than fully rational actors.
Repeated PDs aren't just mentioned in the literature, they're a staple, there are competitions between strategies/algorithms to determine the repeat PD champ. Tit for tat was an early champ in those competitions, dunno 'bout now.
I like the restatement of PD that reverses the result, but it doesn't really contradict the PD conclusion as properly stated above. Just tells us humans have a hard time acting in their own rational self-interest even when they're trying, 'cause irrational 'cause human.