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Prisoner's Dilemma

by: Sabrina Clarke

· Entrepreneurship

Prisoner's Dilemma is a game theory strategy where two people acting in their self-interests do not produce the optimal outcome.

What impacts the changes in a Prisoner's Dilemma situation? Communication.

Ironically, I have seen a Prisoner's Dilemma play out once in my professional career, and as the clip, it was in an Investment Banking environment. Game shows often use Prisoner's Dilemna with contestants.

If you were faced with a Prisoner's Dilemma strategy in a negotiation situation, what would you do?

Clip from Suits, language adult🛑