The Prisoner’s Dilemma

Be Civilized … Want to know the secret of success in today’s civilized world?
Be civilized. More on that in one moment …
First, we note that the Dow hit a new record high on Tuesday of 17,688, after rising 40 points. And gold was just a buck shy of the $1,200-an-ounce mark. It appears to have bottomed out. Time will tell.
Remember that gold is not an investment. It is money – the best money. You keep some on hand; you never know when you may need it.
Now, back to the secret of success …

(Via soziologie.uni-muenchen.de)
The Prisoner’s Dilemma In 1962, Robert Axelrod was still a student. But he had access to the University of Michigan’s only computer – a primitive, clunky machine. Students were just starting to figure out what to do with computers. And Axelrod’s idea was to program it to play a game.
The game was meant to resolve what is known as the prisoner’s dilemma. You and a friend get busted for drugs. If you keep your mouths shut, you will both walk away. But if one of you rats out the other, the snitch will go free and the other will do time. If you both turn on each other, both of you will do time … but probably not as much, since you have both cooperated with the prosecution.

This post was published at Acting-Man on November 20, 2014.