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Prisoners Dilemma
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(I). In the prisoner’s dilemma two people have been arrested, the one inmate is called Smith. In this situation the authorities are not interested in the truth but only want to convict someone. An interrogator lays out the consequences for Smith. If Smith does not confess but the other guy confesses against Smith, they will release h .... Middle of paper
.... that can be used in every day living.. Any time there are peoples' interests that are affected not only by what they do but what other people do, a dilemma may occur. In some situations everyone will end up worse off if they individually pursue their own interests than if they simultaneously do what it not in their own individual interests.
(II). If I myself was in the prisoner’s dilemma, and my goal is to spend as little time in jail, I wou ....
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Number of words: 1048
Number of pages: 4 (approx. 250 words per double-spaced page)
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