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03 Self-interest and the Dilemmas of Cooperation

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Presentation on theme: "03 Self-interest and the Dilemmas of Cooperation"— Presentation transcript:

1 03 Self-interest and the Dilemmas of Cooperation
Figures and Tables

2 Locating ethical egoism
Ethical Theories Identity-based Principle-based Consequence-based Objective Utilitarian Ethical Egoism Contractarianism

3 A simple game Mike cheat cooperate Nancy 5 2 15 10
Who are the players? What are the strategies? What is the payoff matrix?

4 If Nancy cheats, what should Mike do?
cooperate Nancy 5 2 15

5 If Nancy cooperates, what should Mike do?
cheat cooperate Nancy 15 2 10

6 What will Mike do? Mike cheat cooperate Nancy 5 2 15 10
Mike has a dominant strategy = cheat no matter what Nancy does

7 What will Nancy do? Mike cheat cooperate Nancy 5 2 15 10

8 What will happen? Mike cheat cooperate Nancy √ 5 5√ 2 15√ √ 15 10
Cheat/cheat is best strategy for both. Cooperate/cooperate is best outcome for both.

9 Benefits of cooperation Simple model pin factory

10 Constraining ethical egoism and avoiding the prisoner’s dilemma (Apply a 6 unit fine for breaking the contract.)

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