Volatility & The Prisoners’ Dilemma

The global capitalist system is in a state where each individual actor is trying to maximize their own short-term gain, even if it comes at the expense of long-term stability or the well-being of the group.

That often leads to suboptimal outcomes for everybody involved, analogous to the Prisoner’s Dilemma problem.

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Scroll down, you see I am writing this article to explain the infamous paper “Volatility and the Allegory of the Prisoner’s Dilemm” by…