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prisoner's dilemma

A collection of 3 posts
The return of Commballnomics: drinks, DPs and other dilemmas
commball

The return of Commballnomics: drinks, DPs and other dilemmas

ESSA’s Commball prep last year was slightly unusual. Forget the haircuts or the wardrobe shopping; we cracked out our calculators and our matrices and went out in search of hidden, ball-themed economic case studies. Yeah, we’re weird. One year on, it seems we still haven’t figured out
Aug 24, 2016 8 min read
animal kingdom

Another kind of dilemma

In the heart of the Arctic Ocean, a pair of stickleback fish is on the hunt for prey. A fierce-looking rainbow trout quickly approaches and the fish are suddenly nervous. With a predator nearby, each fish is now faced with a life or death situation. Should they act together and
Jul 29, 2015 3 min read
Irrational Strategies: Dealing with an Altruistic Prisoner
homo economicus

Irrational Strategies: Dealing with an Altruistic Prisoner

So you are presented with the following prisoner’s dilemma game. What is your choice? Most economics freshmen will have learnt that when presented with the choices of cooperation or finking, finking is the dominant strategy, and an all-fink nightmare is the only pure strategy Nash equilibrium. Against homo economicus,
Oct 24, 2012 3 min read
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