How to Outsmart the Prisoner's Dilemma

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Two perfectly rational gingerbread men, Crispy and Chewy, are out strolling when they’re caught by a fox. Instead of simply eating them, he decides to put their friendship to the test with a cruel dilemma. He’ll ask each gingerbread man whether he’d opt to Spare or Sacrifice the other. What should they choose? Lucas Husted dives into the classic game theory scenario: the Prisoner's Dilemma.