describe briefly , the narrotos dilemma
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The prisoner's dilemma is a standard example of a game analyzed in ... Applying the payoffs from the prisoner's dilemma can help explain this behavior:.
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What is the Prisoner's Dilemma?
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
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