Teaching the prisoners' dilemma

Me, Myself, And You? National Self Interest, Global Social Concern, And The Role Of The WTO In International Trade Policy

“…This result makes the prisoner's dilemma an excellent theoretical framework in which to study the tension between self-interest and social responsibility in both individual and group decisions. For example, political scientists have used the prisoner's dilemma to examine issues from diplomacy surrounding the arm's build-up to Hobbes' vision of government (Gowda, 1996).…”

“…Instead, both will keep quiet and the welfare of the group will be maximized (only one year of prison for each). 4 A tariff is an import tax that results in an increase in the domestic price of a good and a decrease in the quantity of the good entering the country. 5 As its name suggests, protectionism does protect domestic import competing industry from foreign competition.…”