Category: Geopolitics

A trade war is like a Prisoner's Dilemma game gone wrong. (1) Trust between both sides has eroded. (2) They cannot communicate effectively. (3) They decide to forego cooperation and defect. (4) And, by foregoing cooperation both sides are hurt. In a prisoner's dilemma game, two players are separated (can't communicate) and given two choices: … Continue reading Trade War as Prisoner’s Dilemma