4 ms·
When did the "Prisoners Dilemma" get renamed to the "Farmers Dilemma"?
by VT_Drew 11y ago
When did the "Prisoners Dilemma" get renamed to the "Farmers Dilemma"?
- philh 11y agoThe PD is different, as I mention twice in the article. > Formally, there are two Nash equilibria, at C/D and at D/C. This distinguishes it from the prisoner's dilemma, which has an equilibrium at D/D.
- dragonwriter 11y agoThe article references the Prisoner's Dilemma and notes that they are different and have different Nash equilibria. The structure is different. Giving the strategy of the actor whose payoff is considered first and the other actors second, the order of payoffs for FD is: D/C => C/C => C/D => D/D The payoffs for PD are: D/C => C/C => D/D => C/D PD has a dominant strategy of defection because independent of the other player's strategy, you always get a better result by defecting. FD lacks a dominant strategy because whether a particular strategy improves your expected payoff depends on the other player's strategy.