Have you had an experience where you just couldn’t cooperate with another party even when it would suit both of your interests?
Though you may not have even realized it, you could have been facing the prisoner’s dilemma.
One of the most famous games within game theory, the prisoner’s dilemma, presents a circumstance for understanding why two rational parties may not cooperate, even though doing so might seem mutually advantageous.
Take this course and learn what the prisoner’s dilemma is, see how it applies to business situations, and recognize how you can avoid bad outcomes related to it. This course will ultimately help you make strategic decisions and balance cooperation and competition for better outcomes!