The%20Prisoner’s%20Dilemma[1]

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BBA 360 Project 2

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The Prisoner’s Dilemma:

The Prisoner’s Dilemma Project 2 Presented by: Team 4 Ryan Fischer David Bachechi Denisse Lopez Jeanette Garrett Darin Nez Isaac Torres Jesse Delfin

A Prisoner’s Dilemma is a simple yet dynamic game that involves individuals that have 3 distinct options and 3 different outcomes:

Options Outcomes 1. work with the other individual and remain silent 2. one remains silent in order to work together and the other decides to betray the afore mentioned and work against him/her 3. both betray each other If both individuals work with each other and remain silent; they both get a minimum sentence. If one individual remains silent and the other one testifies; the individual who remains silent gets the maximum sentence and the individual who betrays the other goes free. If both individuals testify against each other; they both receive a mid sentence A Prisoner’s Dilemma is a simple yet dynamic game that involves individuals that have 3 distinct options and 3 different outcomes

3 basic concepts concerning the game:

Cooperation How willing are the individuals to work with each other? Trust How do they believe the other individual is going to behave? Negotiation How much are they willing to give-and-take to get the best outcome? 3 basic concepts concerning the game

Applying these concepts in a business environment:

Applying these concepts in a business environment Cooperation Will one business work with another for the greater good of both or simply look out for their own best interest Trust Will they trust another business to behave ethically or is it believed that the other business will turn on them to get ahead Negotiation Will both businesses negotiate not for the best individual outcome, but for the overall best outcome

Team Dynamics:

Team Dynamics Cooperation Will team members cooperate and put their differences and personal points of views aside for the greater good of the team? Trust Will team members trust each other to do the right thing or is it believed that the team members are simply out to make it no matter who is crushed on the way Negotiation Will team members negotiate when a decision cannot be agreed on or simply be stubborn and hold their position, uncompromisingly

Peer Grading:

Peer Grading Cooperation Will students cooperate and grade each other ethically and honestly? Trust Will they trust each other to give a fair grade? Negotiation Will students negotiate and discuss about the grades given when they do not agree with them?

Other aspects if the game is continuously played:

Other aspects if the game is continuously played If both individuals cooperate originally, then trust is built and no negative action is taken by either party the next time around. If one individual doesn’t cooperate and the other does, then the trust is lost and an endless circle of betrayal may begin. This non-cooperation and betrayal only occurs to spite the other individual for their negative action in the situation before

Resources:

Resources http://en.wikipedia.org/wiki/Prisoner's_dilemma#Real-life_examples http://welearnsomething.blogspot.com/2008/03/applying-prisoners-dilemma.html

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