The Prisoner’s Virtual Dilemma

The prisoner’s dilemma is a basic piece of game theory which can be applied to virtual economies, particularly in the context of my recent discussion of third party trading sites. I would like to briefly discuss how the prisoner’s dilemma can become a roadblock to gamers’ utility maximisation, i.e. fun, while playing video games. Bear with me, I will first have to explain the prisoner’s … Continue reading The Prisoner’s Virtual Dilemma