3 ms·
Can that be reduced to Prisoners Dilemma game theory?
by edoceo 4mo ago
Can that be reduced to Prisoners Dilemma game theory?
- fragmede 4mo agoYes. Specifically in this case, "defect" is the good case and cooperate is price fixing cartel. So with more prisoners, the chances of someone choosing defect goes up. So then everyone else choose defect, breaking up the price fixing cartel, leading to market forces working and lower prices for consumers.