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
