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Models for cooperative decisions in Prisoner's Dilemma

Models for cooperative decisions in Prisoner's Dilemma

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The Prisoner's Dilemma (PD) game is a two-person game that is widely used as a model of social interactions. The structure of the PD game represents a dilemma between the individual and the collective rationality. The interest in studying PD game arises from the idea that many social situations and problems such as overpopulation, pollution, energy savings, etc. have such a dilemma structure. PD games are specifically used as a tool for studying cooperative behavior.

Inspec keywords: decision theory; game theory

Other keywords: social interactions model; two person game; pollution; cooperative decision models; overpopulation; prisoner dilemma; energy savings

Subjects: Probability theory, stochastic processes, and statistics

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