The Art of Manliness

#250: The Art of Strategy

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Nov 9, 2016
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INSIGHT

The Prisoner's Dilemma

  • The Prisoner's Dilemma highlights individual incentives to cheat, even if collective outcomes suffer.
  • This dilemma appears in situations like arms races and price wars.
ANECDOTE

Tragedy of the Commons

  • Global warming is a multi-person Prisoner's Dilemma where individual inaction harms everyone.
  • Treaties and alliances enable communication and cooperation, mitigating this.
ADVICE

Changing the Game

  • If a game isn't working in your favor, change the rules.
  • Add consequences for cheating, like social penalties, to deter undesirable actions.
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