Talk:Prisoner's dilemma

Mind if I add in an example regarding farmers underproducing via organic farming? It's a tad "conspirational", but long story short, in markets with inelastic demand, producing more decreases not just the price but total revenue as well. Basically, inefficient farming practices are a goal of the food industry in total even if every individual farmer wants to overproduce. CorruptUser (talk) 12:15, 6 June 2015 (UTC)

Sounds like horseshit. Is this something economists & agriculture experts actually say or just your own pet theory? ΨΣΔξΣΓΩΙÐ^{Methinks it is a Weasel} 12:27, 6 June 2015 (UTC)

Economists. Here's wikipedia for effects of demand elasticity, though this wikipedia entry may be better for you. Here's WSJ's explanation of oil markets. Food demand is inelastic, and keep in mind that's for individual classes of foods; the wider the type of good (e.g., gala apples and fuji apples, apples and pears, all fruits), the less elastic demand is. CorruptUser (talk) 12:44, 6 June 2015 (UTC)

Diagrams

Slightly confusing that defect is top left in the MAD example but in the bottom right in the overview example Roleybob (talk) 11:42, 29 January 2020 (UTC)

References

I'm going to add some journal references, both old and new.

Moreover, it seems a good idea to expand on why the PD problem is important and widely studied.

ZFekete (talk) 16:17, 23 February 2022 (UTC)

Narrative

I'll adjust the introductory narrative, to align with the conventional description of the game (positive payoff matrix, i.e. reductions of sentences). ZFekete (talk) 04:32, 24 February 2022 (UTC)