lunes, 23 de abril de 2012

How to solve the Prisioners' Dilemma?

A British TV show called "Golden Balls" put two contestants in a TV version of the Prisoner's Dilemma. They have to decide whether they're going to cooperate and "split" the pot or defect or "steal" the pot.

The outcomes are the classical ones:
  • If they both "split" (cooperate), they split the money 
  • If one opts to "split" (cooperate), and one opts to "steal" (defect), the one who "steals" gets the whole pot 
  • If they both opt to "steal" (defect), then neither get the money.
Watch this video and see how the situation is solved.


Seen on a Brian Fitzpatrick's Google+ post.

Take care
Javier Arias González

1 comentario:

  1. Adding this as a comment as it is a spoiler.

    This video is a master class on the power of threats and "hard commitment", and how they will influence the options of your competitors.

    Once Ibraham believe Nick's will do what he is saying, his best choice, the only one that had any possibility to bring him any money, is to split.

    This is one of the lessons that are thought in Business Strategy in most MBA programs. I'm sure this video will be played in more than one strategy class.

    Take care
    Javier Arias González

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