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Classic Psychology - the Prisoners' Dilemma

30/11/2014

 
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How looking out for number one often results in the worse possible outcomes for all
Fox News readers, turn away now, you're definitely not going to like this .. the UN's panel on climate science said today that climate change is happening, it is almost entirely man's fault and limiting its impacts may require reducing greenhouse gas emissions to zero this century. This piece of news today came at an opportune time. My Year 13s have just left for exams (Southern Hemisphere here in New Zealand) and my Year 12s are sitting their mocks, which means I have some free and unfettered time to think about this seemingly intractable problem.

Could game theory solve climate change?
The classic prisoners' dilemma shows that when people act in their own best interests, the result can leave each participant worse off than if they had cooperated. 
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