Prisoner’s dilemma

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  • #26701
    Vanshika Gupta
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      What is Prisoner’s dilemma?

      #26702
      Vanshika Gupta
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        The prisoner’s dilemma is a paradox in decision analysis in which two individuals acting in their own self-interests do not produce the optimal outcome. The typical prisoner’s dilemma is set up in such a way that both parties choose to protect themselves at the expense of the other participant. As a result, both participants find themselves in a worse state than if they had cooperated with each other in the decision-making process. The prisoner’s dilemma is one of the most well-known concepts in modern game theory.

        #27123
        test
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          sdadsadasd

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        Actuary Forums Forums Learnings Daily Dose Prisoner’s dilemma