The prisoner's dilemma is a game used by researchers to model and investigate how people decide to cooperate—or not. Imagine that Prisoner A and Prisoner B are charged with a crime and detained ...

As the US and China escalate their trade war through tit-for-tat tariffs, it is tempting to view the situation as irrational brinkmanship.H ...

Trump's tariffs have thrown markets into chaos, but how will US earnings season be affected? Ian Whittaker lays it out in ...

The tariff pause is also a signal—a visible action meant to convey intent. Signaling theory suggests that rational players use costly moves to prove they are serious. Trump’s split strategy (carrots ...

Citations: Roth, Alvin, J. Keith Murnighan. 1978. Equilibrium behavior and repeated play in prisoners' dilemma games. Journal of Mathematical Psychology. (2)189-198.

The absence of a meaningfully coordinated defense might have been predicted from the “prisoner’s dilemma,” a classic game-theory framework that reveals why rational actors often fail to ...

The Government of National (GNU) is currently going through a rough patch, with DA leader John Steenhuisen calling for a “reset” in the relationship and activating Clause 19 of the Statement ...

The Prisoners’ Dilemma is a paradox formalised in the 1950s by two mathematicians, Merrill Flood and Melvin Dresher.It’s game ...