When there are two sides and they each have 2 choices. [Read more at the link in the headline.]
The most important thing to know is that you are in the Prisoner's Dilemma.
If you are unaware you are in the situation, you may make the wrong choice. The other side will make a choice that neutralizes you and puts you at great disadvantage.
We may be watching a situation that will be classic in terms of recognition, or rather lack of recognition that one is in the situation. One side made the choice the other did not.
The Prisoner's Dilemma puzzle is taught in strategy classes as part of the MBA curriculum at university.
This post will be reviewed in a few months.
Friday, August 29, 2008
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