economics discussion 21

Search the web and view the video clip Golden Balls – £100,000 Split Or Steal? 14/03/08.

After watching the video clip, answer the following questions:

  • How does the Prisoners’ Dilemma apply in the game of Golden Balls?
  • Is the Prisoner’s Dilemma entirely applicable in this game? Why or why not?
  • What would you do if you were playing this game? Explain your reasoning.