Prisoner’s Dillemma is a symmetric game where the dominant strategy for both players is to defect, but collaboration would have yielded greater results. It is one of the most important problems that Game Theory aims to solve, and have applications in many fields. It is also known as the collective action problem or the free-rider problem. It is the cause of the Tragedy of the Commons.
- Econ 361 Distributive Justice is a course that dealt with this in-depth, thru the lens of PPE.
- Elinor Ostrom
- John Rawls
- Robert Axelrod
- Robert Frank