The relevance is that the rational strategy is to defect. Always, unless your selection has a sufficiently high probability of changing your opponents suggestion. If possible, maximize the chances that your opponent will cooperate.
The relevance is that the rational strategy is to defect.
… unless your opponent also defects, and only in one-shot PD. Or maybe we are using different definitions of “rational”, given how both players “rationally” defecting both lose.
The relevance is that the rational strategy is to defect. Always, unless your selection has a sufficiently high probability of changing your opponents suggestion. If possible, maximize the chances that your opponent will cooperate.
… unless your opponent also defects, and only in one-shot PD. Or maybe we are using different definitions of “rational”, given how both players “rationally” defecting both lose.
Given that one’s opponent defects, you get more points for defecting.