Game Theory Foundations · Static games
Dominant strategies & the Prisoner's Dilemma
A dominant strategy is best no matter what others do. The Prisoner's Dilemma shows how each player doing what's individually best can leave everyone worse off: price wars, arms races, overfishing.
Step 1 of 7 · Overview25 min read ·
Key idea
Prereqs: What is a game. Next: Nash equilibrium. Yale ECON 159 Lectures 1–2; Dixit & Nalebuff *The Art of Strategy* ch. 3.Next: 1. Dominance