Game Theory

What is Game Theory

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Prisoner's Dilemma

There are 2 prisoners including A and B that were arrested for robbing the bank and they have only two choices to get which are “betray the other” or “remain silent.”
  • If A and B each betray the other, each of them serves two years in prison
  • If A betrays B but B remains silent, A will be set free and B will serve three years in prison
  • If A remains silent but B betrays A, A will serve three years in prison, and B will be set free
  • If A and B both remain silent, both of them will serve only one year in prison
So, the best way is to work together to maximize their return!
Prisoner’s Dilemma