The Prisoner's dilemma is a classic example of a non-zero-sum game that demonstrates a conflict between rational individual behavior and the benefits of cooperation in certain situations. In political science, the Prisoner's Dilemma is often used to illustrate the problem of two states engaged in an arms race. It is fundamental to certain theories of human cooperation and trust. On the assumption that transactions between two people requiring trust can be modelled by the Prisoner's Dilemma, cooperative behavior in populations may be modelled by a multi-player, iterated, version of the game. It has, consequently, fascinated many scholars over the years. (more...)
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