University event offered by Birmingham City University
Short Session Delivered at your school/college or Birmingham City University
Two prisoners suspected of committing a crime together are arrested and are put into separate cells. Each prisoner is concerned only with getting the shortest possible prison sentence for himself and must decide whether to confess or not without knowing the other prisoner’s decision. This session applies prisoners’ dilemma game theory into OPEC countries’ strategic decision of producing oil. At the end of the session, students have an opportunity to play a game with chocolates as rewards.
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