When teaching business negotiation to my MBA students, one exercise that consistently captivates their attention is the timeless scenario of the Prisoner’s Dilemma, a construct rooted in Game Theory.
The hypothetical situation features two individuals detained by the police on suspicion of committing a serious crime. Despite the investigator’s inability to substantiate their involvement in the crime, he proposed a strategy with a high likelihood of securing at least one conviction, if not two.
Already a subscriber? Log in.
Win a prize this Mother's Day by subscribing to our annual plan now! T&C applies.
Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
