This is a video about the most famous problem in Game Theory, the Prisoner’s Dilemma.

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Summary:

The video explores the concept of the prisoner's dilemma and its implications in various scenarios, from international conflicts to animal behavior. It discusses how individual self-interest can lead to suboptimal outcomes for all involved parties, as seen in the US-Soviet nuclear arms race. The concept of repeated games is introduced and how strategies like Tit for Tat can lead to successful cooperation.

Keywords: Prisoner's Dilemma, game theory, cooperation, repeated games, Tit for Tat

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