Prisoner's Dilemma

The Prisoner's Dilemma is a scenario in game theory where two individuals must decide whether to cooperate with each other or betray the other. If both cooperate, they receive a moderate reward. If one betrays while the other cooperates, the betrayer gets a larger reward while the cooperator gets nothing. If both betray, they receive a lesser reward than if they had cooperated. This dilemma illustrates how individuals might act in their self-interest, leading to an outcome that is worse for both, highlighting the tension between cooperation and competition in decision-making.