Asgeir Jonsson

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Since there are 2 × 2 cards, there are four possible outcomes. For each outcome, our winnings are as follows (quoted in dollars in deference to the North American origins of the game): Outcome I: We have both played COOPERATE. The banker pays each of us $300. This respectable sum is called the Reward for mutual cooperation. Outcome II: We have both played DEFECT. The banker fines each of us $10. This is called the Punishment for mutual defection. Outcome III: You have played COOPERATE; I have played DEFECT. The banker pays me $500 (the Temptation to defect) and fines you (the Sucker) $100. ...more
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The Selfish Gene
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