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1 day agoIt’s only irrational to cooperate in a prisoner’s dilemma game if the rewards are set appropriately for that.
If you raise the individual rewards of the cooperation above those of the individual rewards people would get for defecting, people will in fact cooperate.
I had to look that (prisoner’s delight) up, very interesting thanks. TIL!
[https://onlinelibrary.wiley.com/doi/full/10.1111/j.1420-9101.2011.02307.x#b6](Binmore, 2004)