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