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 Prisoner's Dilemma (Posted on 2005-10-06)
Two people in a greed therapy group are playing a game. There is a pot of 6 dollars and each person, while isolated, is asked the question "Do you want to be greedy and take all of it?" The money goes to the person who is greedy and if they answer the same they share it. To punish their greed, a player must pay 1 dollar of what he won if he were greedy and an extra dollar if both players were greedy.
```
You \ Other | Not Greedy | Greedy |
Not Greedy  |     3\3    |   0\5  |
Greedy      |     5\0    |   1\1  |```
A) Which option should you choose the first time you play?

B) If you continue playing an unknown finite number of games, what strategy should you use to maximize the amount of money you can win? (Assume that your opponent doesn't necessarily use the same strategy as you.)

Note: Both players are trying to get as much money as possible, and neither needs to get a certain amount of money at all costs.

 No Solution Yet Submitted by Gamer Rating: 3.0000 (5 votes)

 Subject Author Date Strategy Yuval 2006-06-17 09:29:29 Elaboration on earlier solution set. Jack Lim 2006-03-02 08:25:53 Best way Jack Lim 2006-03-02 08:08:36 an answer saprom 2005-12-21 13:44:33 No Subject wastoids 2005-12-20 23:06:59 solution wastoids 2005-12-20 22:53:06 re: Gamer 2005-10-07 02:18:00 strategy analysis Tristan 2005-10-07 01:40:21 My idea Federico Kereki 2005-10-06 22:34:12 at least half chris 2005-10-06 21:26:51 Greed (is | is not) good Bob Smith 2005-10-06 18:33:56

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