Abstract
The relationship between Newcomb's problem, which involves an apparent paradox of prediction, and Prisoners' Dilemma is explicated. After describing a resolution to Newcomb's problem, due to John A. Ferejohn, that renders the two contradictory principles of choice in Newcomb's problem (dominance and expected utility) consistent, I show Prisoners' Dilemma to be a “symmetricized” version of Newcomb's problem in its payoff structure. The assumption about predictability of choice made for one player in Newcomb's problem, when applied to both players in Prisoners' Dilemma–one considered as a leader and the other as a follower–offers a resolution to this dilemma that, while consistent with the resolution offered by metagame theory, rationalizes the existence of a metagame solution within a probabilistic, rational-choice framework. The relevance of the mutual-predictability assumption to the solution of arms races, and tragedy-of-commons situations generally, is discussed.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.