The Prisoner's Dilemma
This lecture delves into two game theory problems: the Prisoner's Dilemma and the Problem of the Commons. It analyzes how individual rational choices can lead to collectively suboptimal outcomes and offers solutions.
PhilosophyEconomicsGame Theory & Mechanism DesignPrisoner's DilemmaTragedy of the CommonsCollective Action Problems
Philosophy and the Science of Human Nature (PHIL 181)
Two game theoretical problems--the Prisoner's Dilemma and the Problem of the Commons--are explored in detail. Both collective decision-making scenarios are structured such that all parties making rational choices ensures a less desired outcome for each than if each had chosen individually-less-preferred options. To conclude, Professor Gendler discusses various strategies that can be used to address both problems.
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