I had never heard of the ‘chicken’ game before. It seems the punishment of ‘losing social status’ would apply to real-world prisoner’s dilemma-like games as well: The cheater gets called a ‘rat’ and suffers from loss of social status.
The only thing we’re really interested in are the payoff matrices, and the fact remains that where P is the punishment payoff, S is the sucker’s payoff, R is the reward payoff, and T is the temptation payoff, Chicken is the canonical game for games with a payoff ordering of P < S < R < T, and the Prisoner’s Dilemma is the canonical game for games with a payoff ordering of S < P < R < T.
I had never heard of the ‘chicken’ game before. It seems the punishment of ‘losing social status’ would apply to real-world prisoner’s dilemma-like games as well: The cheater gets called a ‘rat’ and suffers from loss of social status.
The only thing we’re really interested in are the payoff matrices, and the fact remains that where P is the punishment payoff, S is the sucker’s payoff, R is the reward payoff, and T is the temptation payoff, Chicken is the canonical game for games with a payoff ordering of P < S < R < T, and the Prisoner’s Dilemma is the canonical game for games with a payoff ordering of S < P < R < T.