Understanding America’s technological tit-for-tat with China ...Middle East

The Prisoner’s Dilemma is virtually everyone’s first exposure to game theory and the science of strategy. In this thought experiment, two “prisoners” must decide whether they will work together and both receive a small mutual benefit, or betray their fellow prisoner and receive a greater reward, but only if the other prisoner refuses to commit a similar betrayal. The experiment can play out over many rounds, with changing incentives and strategies. And though it was developed in 1950 at the RAND Corporation — where one of us now works — by the 1980s, many political scientists were looking for new ways to play this same old game. One was Robert Axelrod, who wanted to find a single st

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Understanding America’s technological tit-for-tat with China ...Middle East

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