2 posts tagged “economics”
Matthew and some guy proudly present to you: Prisoner's Dilemma! a pod-cast put together for our economics course, this 5 minute clip examines game theory and how it can apply to real world situations and specifically how the "prisoner's dilemma" represents oligopolies. cooperate or defect? take advantage of trust and run with the goods, trust and get hit, cooperate together or sink together? find out!