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The Prisoner’s Dilemma and a Call to Extend & Reform by Thomas Singh & Terrence Blackman

Guyana’s political establishment is faced with a version of the Prisoner’s Dilemma. The Prisoner’s Dilemma is a well-known concept in modern game theory. It is a paradox in decision  analysis in which two players, each acting in her own self-interest, will fail to produce the optimal  outcome.   The classic prisoner’s dilemma is as follows: two bank robbers, Bernard and Bisram, have been  arrested and are being interrogated in separate rooms. The authorities have no other witnesses and  can only prove the case against them if they can convince at least one of them to betray the other and  testify to the crime.…..READ MORE

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