|
|
Good old game theory.
Prisoner's Dilemma:
Two thieves get caught (they are guilty, I think) and get interviewed separately by a cunning policeman. The policeman admits to each that if neither of them talk, they will go free. If they both confess, they each get two years. But she also promises that if one confesses and the other doesn't, the latter will get ten years.
What to do? The risks are too great and they both confess.
The interesting thing about the prisoner's dilemma is what happens if you keep repeating it. So we play a game. If we cooperate, we both win 10 pounds. If we compete, we both get 1 pound. If one competes and the other cooperates, the competing guy gets 20 pound and the other gets nothing. You play this over and over.
What should you do? This is the same as the PD, but done lots of times. It turns out that the best strategy is not constant competition, but tit for tat. I'll do to you what you did to me last time - starting with cooperation. |
|
|