SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Gold/Mining/Energy : Strictly: Drilling and oil-field services
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  
To: Razorbak who wrote (39936)3/14/1999 9:47:00 PM
From: diana g  Read Replies (3) of 95453
 
Re: Prisoners' Dilemma

Hi Razor, The choice facing each 'prisoner' requires him to do an analysis of the costs and benefits of each possible action.

I agree that if the benefit of defecting is clear, then that is the likely choice.
But is it beneficial?
In your example you gave point values to each possible outcome, but of course these are arbitrary.
To use the police analogy --- If the police offer one suspect a two year sentence if he talks, and he faces 30 years if he does not but his partner does talk, then he is much more likely to talk than if they offer him 25 years versus the same 30 (and freedom in all cases if neither talks.)

I think the difference of opinion here is on this point --- You think that the producers will see defecting to be in their best interest as individuals. I believe that they will cooperate (not cheat) because they recognize that the cost of non-compliance is greater than the benefit of non-compliance.

regards,
diana
Report TOU ViolationShare This Post
 Public ReplyPrvt ReplyMark as Last ReadFilePrevious 10Next 10PreviousNext  

HomeMailHotSubjectMarksPeopleMarksKeepersSettings
Terms Of UseContact UsCopyright/IP PolicyPrivacy PolicyAbout UsFAQAdvertise on SI
© 2025 Knight Sac Media.  Data provided by Twelve Data, Alpha Vantage, and CityFALCON News