In the experiment you trade with you classmates $1. If you both are honest you get back $1.1. If one cheats and the other does not they get $2. If both cheat they get $1. If someone cheats you most program that they cheat that person from then onward.
I don’t understand—if you both do just as well both cheating as you do when you both act honestly, why is there any reason whatsoever to be “honest”?
I don’t understand—if you both do just as well both cheating as you do when you both act honestly, why is there any reason whatsoever to be “honest”?