The Prisoner's Dilemma Explained in One Minute

If you've never heard about game theory before or have but are not all that confident you've fully understood the concept, this prisoner's dilemma video is definitely worth watching.
Simply put, the prisoner's dilemma analyzes a situation in which two rational actors (the prisoners) are put in a situation in which the outcome depends not only on their actions but on the actions of the other party as well.
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