Examples of the Prisoner's Dilemma. Taylor provides the following scenario as an example of the Prisoner’s Dilemma: “Two parents living on a tight budget agree to control their spending….

Examples of the Prisoner's Dilemma . The economy is replete with situations similar to the prisoner's dilemma, where people tend to act in a way that is harmful to society as a whole.

A classic example of the prisoner’s dilemma in the real world is encountered when two competitors are battling it out in the marketplace. Often, many sectors of the economy have two main rivals.

Example Example of the prisoner’s dilemma. Imagine executives at competing fast-food chains are trying to decide on a pricing strategy for two similar products: the McDonald’s Big Mac vs. the ...

For example, the debate about gun ownership in the United States is in part informed by the prisoner’s dilemma. Individuals have a choice to carry a gun or not. Research shows that societies are ...

The prisoner’s dilemma explains why people make decisions which are good for themselves but not for the team. ... Consider the classic example of the Coke v Pepsi cola wars.

The prisoner’s dilemma is perhaps the most well-known game-theoretic model, and many game theorists consider it the single best example of all of the basic game theoretic principles: players… ...

One of the great workhorses in game theory is the prisoner’s dilemma. This thought experiment involves two players—Alice and Bob—who have committed a crime and are arrested. They are then ...

A thought experiment call the prisoner's dilemma has shone new light on AI's cooperative potential. ... The researchers proffer two examples: urban traffic management and energy consumption.