Beforediscussion, play the Prisoner’s Dilemma game at one of thecomputerized versions below: •The Pr

Beforediscussion, play the Prisoner’s Dilemma game at one of thecomputerized versions below: •The Prisoner’s Dilemma, Stanford,•Prisoner’s Dilemma – Wiki•Repeated Prisoner’s Dilemma Applet Prisoners’ Dilemma.Oneversion is as follows. Two prisoners are accused of a crime. If oneconfesses and the other does not, the one who confesses will bereleased immediately and the other will spend 20 years in prison.If neither confesses, each will be held only a few months. If bothconfess, they will each be jailed 15 years. They cannot communicatewith one another. Given that neither prisoner knows whether theother has confessed, it is in the self-interest of each toconfess himself.Paradoxically, when each prisoner pursues his self-interest,both endupworse off than they would have been had they actedotherwise. Discussthe follow questions: Does the Prisoner’s Dilemma accurately depictreal life? How? In what ways does it not reflect real life? Whatdoes the game tell you about the conditions needed for cooperationto exist? Attached

 

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