| The
Prisoners’ Dilemma, etc. Advice
& Overview |
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| • | Don’t
memorize the payoffs |
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| • | Do
grasp the substantive problem |
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| Ø | Cooperation
is valuable. . . |
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| Ø | . . .
but it is hard to achieve. |
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| • | What
makes cooperation valuable? |
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| – | Greater
social benefits (aggregate payoffs) when it |
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| occurs
than when it doesn’t occur |
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| • | Recent,
recurring, personal examples ? |
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| • | What
makes cooperation hard to achieve? |
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| – | The
incentive to free-ride, defect, not cooperate, not |
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| contribute.
. . |
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| ] | Concepts: dominant strategy, equilibrium |
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