Prisoner's Dilemma

The Prisoner's Dilemma is a foundational concept in <a href="/article/game-theory">game theory</a> that illustrates why two rational individuals might not cooperate, even if it appears to be in their best interest to do so. It highlights the conflict between individual rationality and collective well-being, leading to a suboptimal outcome for all involved. This thought experiment has wide-ranging applications in economics, politics, biology, and social sciences.