The iterated has an easy-to-accept-intuitively solution: don’t just randomly accept blackmail from anyone who offers it, but rather investigate first to see if they constitute a credible threat.
The one-shot Pascal’s Mugging, like most one-shot games discussed in game theory, has a harder-to-stomach dominant strategy: pay the ransom, because the mere claim, considered as Bayesian evidence, promotes the threat to much more likely than the reciprocal of its utility-magnitude.
The iterated has an easy-to-accept-intuitively solution: don’t just randomly accept blackmail from anyone who offers it, but rather investigate first to see if they constitute a credible threat.
The one-shot Pascal’s Mugging, like most one-shot games discussed in game theory, has a harder-to-stomach dominant strategy: pay the ransom, because the mere claim, considered as Bayesian evidence, promotes the threat to much more likely than the reciprocal of its utility-magnitude.