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" This situation is called a prisoners’ dilemma because both sides are led to take an action that is against their mutual interest.* In the classic version of the prisoners’ dilemma, the police are separately interrogating two suspects. Each is given an incentive to be the first to confess and a much harsher sentence if he holds out while the other confesses. Thus each finds it advantageous to confess, though they would both do better if each kept quiet. "

Avinash K. Dixit , The Art of Strategy: A Game Theorist's Guide to Success in Business and Life


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Avinash K. Dixit quote : This situation is called a prisoners’ dilemma because both sides are led to take an action that is against their mutual interest.* In the classic version of the prisoners’ dilemma, the police are separately interrogating two suspects. Each is given an incentive to be the first to confess and a much harsher sentence if he holds out while the other confesses. Thus each finds it advantageous to confess, though they would both do better if each kept quiet.