The Prisoner's Dilemma

Abstract

Uses ‘The Prisoner's Dilemma’ (attributed to Albert Tucker) to explain game theory — showing achieving co‐operation is a fundamental management problem, which reveals itself clearly in alliances and joint ventures — each firm enters a joint venture unsure of how the other will behave. Concludes that any joint venture set up for a limited period will cause strategic manoeuvring towards the end of its life — and if that is likely to be the case, the manoeuvring may well start straight away.

Citation

Kippenberger, T. (1997), "The Prisoner's Dilemma", The Antidote, Vol. 2 No. 4, pp. 8-10. https://doi.org/10.1108/EUM0000000006345