We learned that unless there's an *individual* incentive for collusion (as opposed to a less-motivating group incentive), it's not a stable equilibrium and therefore doesn't stand a chance of working. In other words, people are self-absorbed jerkfaces that don't give a crap about anyone else (or at least, teenagers baited with candy are!)
I want to try this!!!!
ReplyDeletewhy don't we put one together for January?
DeleteWe actually attempted this prisoner dilemma's game in AP econ! Needless to say we all betrayed each other & lost..
ReplyDeleteHa! What did you learn?
DeleteWe learned that unless there's an *individual* incentive for collusion (as opposed to a less-motivating group incentive), it's not a stable equilibrium and therefore doesn't stand a chance of working. In other words, people are self-absorbed jerkfaces that don't give a crap about anyone else (or at least, teenagers baited with candy are!)
DeleteI designed the game - awesome to hear that you tried it! I'd love to hear more, email me: ed@originalcontentlondon.com
Delete