The prisoners’ dilemma and the mini-max strategy by Charles Warner The Prisoners’ Dilemma

+1 and the other player’s loss is -

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+1 and the other player’s loss is -1) and, thus, no cooperation is possible.

  • The players have only two choices or strategies.

  • There is perfect knowledge; in other words, all the possible moves are known to both players and there is no hidden information.

  • The game is played once.

    Later refinements of von Neumann’s original mini-max theorem, which he proved mathematically, included the Prisoner’s Dilemma game (multiply games played), Nash’s Equilibrium (more than two or many players), and economic risk theories (multiple games, multiple players, and multiple strategies).

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