The Dark Knight and Prisoner's Dilemma
This video clip from Batman: The Dark Knight, gives an example of the economic game of strategy, Prisoner's Dilemma. The Joker gives two ships the ability to detonate a bomb located on the other. If they choose to blow up the other ship, they will go free. If neither choose to detonate the bombs within a certain time period, both ships will be blown up. In this extreme example, the concepts of game theory and dominant strategies can be illustrated.
- How does Prisoner's Dilemma help us to understand the balance between cooperations and competition in business?
- In Prisoner's Dilemma, how does pursuing personal interest affect the interest of the group/society/economy as a whole?