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Full-Text Articles in Law and Economics
Scholarship Of The Absurd: Bob Bork Meets The Bald Soprano, Alex Kozinski
Scholarship Of The Absurd: Bob Bork Meets The Bald Soprano, Alex Kozinski
Michigan Law Review
A Review of Antitrust Economics on Trial: A Dialogue on the New Laissez-Faire by Walter Adams and James W. Brock
Defining The Prisoners' Dilemma, Wendy J. Gordon
Defining The Prisoners' Dilemma, Wendy J. Gordon
Scholarship Chronologically
Formally, a prisoner's dilemma is defined as follows: There are two participants symmetrically situated. For each player, her payoff if she refuses to cooperate with the other player is higher than her payoff would be if she cooperated, and this is true whether the other chooses to cooperate, or chooses to defect. If both cooperate, her payoff will be higher than if both defect.