Financial Analysts Journal, Vol. 56, No. 4 (Jul. - Aug., 2000), pp. 13-22. Human friendship favours cooperation in the Iterated Prisoner's D. MyBook is a cheap paperback edition of the original book and will be sold at uniform, low price.
Buy this article Price: $30.00+ Tax (if applicable) [In the last decades, many studies have attempted to analyse the factors that may favour the evolution of cooperation. Among unrelated individuals, cooperation is expected to occur when partners exchange altruistic acts one another (i.e., reciprocity) or when the donor of an altruistic act may obtain secondary benefits from the act (e.g., increased reputation). The iterated prisoner's dilemma (IPD) is frequently used to analyse cooperation between two players. Animal Behaviour : A veto game played by baboons: a challenge to the use of the Prisoner's Dilemma as a paradigm for reciprocity and cooperation. Prisoner's dilemma. The prisoners' dilemma is a canonical example of a game analyzed in game theory that shows why two individuals might not cooperate, even if it appears that it is in their best interests to do so.
It was originally framed by Merrill Flood and Melvin Dresher working at RAND in 1950. Albert W. Tucker formalized the game with prison sentence rewards and gave it the name "prisoner's dilemma" (Poundstone, 1992), presenting it as follows: The Prisoners' Dilemma.