The Prisoners’ Dilemma (PD) and its applications - реферат по английскому языку

 

Тезисы:

  • Should the prisoners’ dilemma be resolved or not?
  • The dilemma is that both end up in a unique Nash equilibrium with the payoff nil.
  • The applications of such a setting can be observed in business competition as well.
  • The dilemma can also be viewed from an interpersonal prospective.
  • In the resolution of the dilemma we look at short-term scope.
  • Under the assumption of the PD there is even not a loophole out of the dilemma.
  • Table 1: Transnational Cooperation Dilemma.
  • Both can choose between two production levels, either 2 or 4 million barrels of crude oil a day.
  • Again, they have to decide simultaneously without knowing what the other is choosing.
  • Both countries have a dominant strategy: both want to produce at the highest level of profits.
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