oter

The "prisoner's dilemma" teaches us about the importance of cooperation in decisionmaking from "summary" of Algorithms to Live By by Brian Christian,Tom Griffiths

The prisoner's dilemma is a classic example in game theory that illustrates the benefits of cooperation in decision-making. In this scenario, two suspects are interrogated separately for a crime they committed together. If both suspects remain silent, they will each serve a short sentence for a lesser charge. However, if one suspect confesses while the other remains silent, the confessor will go free while the silent suspect serves a longer sentence. If both suspects confess, they will each serve a moderate sentence. The dilemma arises from the fact that each suspect must make a decision without knowing th...
    Read More
    Continue reading the Microbook on the Oter App. You can also listen to the highlights by choosing micro or macro audio option on the app. Download now to keep learning!
    Similar Posts
    The belief in individual knowledge can lead to irrational behavior
    The belief in individual knowledge can lead to irrational behavior
    The idea that we each possess a vast store of knowledge is a common misconception. We tend to overestimate our own understandin...
    Economic efficiency maximizes output with limited resources
    Economic efficiency maximizes output with limited resources
    Economic efficiency is all about getting the most out of limited resources. In other words, it's about producing as much as pos...
    Nash struggled with delusions and hallucinations
    Nash struggled with delusions and hallucinations
    John Nash, the brilliant mathematician, experienced a tumultuous battle within his mind. Delusions and hallucinations plagued h...
    Optimal stopping helps us decide when to settle for something and when to keep looking
    Optimal stopping helps us decide when to settle for something and when to keep looking
    Imagine you're looking for the perfect apartment in a bustling city. You start your search and visit a few places, but none of ...
    Use the "summary label" technique to recap key points and build agreement
    Use the "summary label" technique to recap key points and build agreement
    To ensure that all parties are on the same page during a negotiation, it is crucial to summarize the key points that have been ...
    Understanding game dynamics can improve relationships
    Understanding game dynamics can improve relationships
    Understanding game dynamics can improve relationships. When we talk about game dynamics, we are referring to the patterns of be...
    Build alliances carefully
    Build alliances carefully
    When it comes to forming alliances, one must proceed with caution and meticulousness. The individuals you choose to align yours...
    Law 9: Win through your actions, never through argument
    Law 9: Win through your actions, never through argument
    Law 9 teaches us a valuable lesson: actions speak louder than words. In the world of power dynamics, winning an argument is not...
    Remain calm and composed during negotiations
    Remain calm and composed during negotiations
    When faced with challenging negotiations, it is essential to maintain a sense of calm and composure. This demeanor allows you t...
    Loss aversion can drive decisionmaking and behavior
    Loss aversion can drive decisionmaking and behavior
    When faced with making a decision, people often consider the potential losses more heavily than the potential gains. This pheno...
    oter

    Algorithms to Live By

    Brian Christian

    Open in app
    Now you can listen to your microbooks on-the-go. Download the Oter App on your mobile device and continue making progress towards your goals, no matter where you are.