The Final Prisoner's Dilemma?

Introduction

The Prisoner's Dilemma is a fundamental concept in game theory that explores the conflict between individual rationality and group rationality. In this classic problem, two individuals, both accused of a crime, must decide whether to cooperate with each other by remaining silent or betray each other by confessing. If both stay silent, they each receive a light sentence. If both confess, they each receive a heavier sentence. However, if one confesses and the other remains silent, the one who confesses walks free, while the other receives the harshest sentence possible. While cooperation would lead to the best outcome for both individuals, the temptation to betray the other and potentially walk free is strong.

This dilemma has far-reaching implications beyond criminal scenarios, highlighting the challenges and consequences of cooperation and competition across various fields. Let's look at some well-known examples:

• Nuclear arms race: During the Cold War, the United States and …