Prisoners Dilemma Examples, Part II

This video gives a few more examples of prisoner's dilemma's including:
*Investment in innovation by duopoly firms
*Grading on the curve
*Whether to go to war
*Friends apologizing
Prisoner's Dilemmas are where:
1) Both (all) players have a dominant strategy.
2) Both players prefer the situation where they both play their dominated strategy more than they prefer the Nash.
0:19 - What is a Prisoner's Dilemma?
0:56 - Charity Donations
2:05 - Grading on a Curve
3:48 - War & Peace
5:08 - Innovation Investment (Oligopoly)
7:23 - Apology to Friend

[@priyanshuvettori5179]

The examples you are giving are so gem that I am explaining it to every Non-Econ friend

[@antonschlick4741]

Hey and hello from Germany! Keep up the good work👏👏👏

[@abbypotter8658]

You helped me pass my senior level Econ course to graduate, Ashley. THANK YOU!!

[@e02100]

I love your videos! They are helping me understand much better - you have a gift - thank you for sharing it! I am still searching to understand what is meant by efficient and inefficiency with regards to equilibrium using game theory. Will continue to locate if you have any videos on this.

[@sanajjang96]

Thank you for this video!!!

[@Vacidity]

Repeated games!