Ask Question, Ask an Expert

+61-413 786 465

info@mywordsolution.com

Ask Business Management Expert

Assignment: The Prisoner's Dilemma; What is in My Best Interest?

We learned in earlier discussions that according to Aristotle and Bentham, one's happiness was the highest goal. Enter social contract. How does one ensure one's self-interest when one has to compromise with another to achieve the goal? David Gauthier proposes that it is possible, offering the Prisoner's Dilemma as an example.

According to the story of the Prisoner's Dilemma, two people have been brought in for questioning, conducted separately, about a crime they are suspected to have committed. The police have solid evidence of a lesser crime that they committed, but need confessions in order to convict them on more serious charges. Each prisoner is told that if she cooperates with the police by informing on the other prisoner, then she will be rewarded by receiving a relatively light sentence of one year in prison, whereas her cohort will go to prison for ten years. If they both remain silent, then there will be no such rewards, and they can each expect to receive moderate sentences of two years. And if they both cooperate with police by informing on each other, then the police will have enough to send each to prison for five years. The dilemma then is this: in order to serve her own interests as well as possible, each prisoner reasons that no matter what the other does she is better off cooperating with the police by confessing. Each reasons: "If she confesses, then I should confess, thereby being sentenced to five years instead of ten. And if she does not confess, then I should confess, thereby being sentenced to one year instead of two. So, no matter what she does, I should confess." The problem is that when each reasons this way, they each confess, and each goes to prison for five years. However, had they each remained silent, thereby cooperating with each other rather than with the police, they would have spent only two years in prison.

(Note: For additional information, you can read more about Gauthier by copying the URL into your internet browser. (http://www.iep.utm.edu/soc-cont/#SH2a). It will take you to the Internet Encyclopedia of Philosophy. The link takes you to the beginning of a great article on social contract. The outline at the beginning shows that the discussion on Gauthier and the Prisoner's Dilemma is in the middle of the article, in the "More Recent Theories" section, following Rawls. Gauthier comments on the idea that the Prisoner's Dilemma shows that it is in an individual's best interest to cooperate, even when it means that they will give up some individual freedom.)

Assignment Requirements:

Write a 3-page (650-750 word) paper addressing the following questions:

1. Consider the concepts of utilitarianism, egoism, and social contract. What moral theory-utilitarianism, egoism, or social contract-is consistent with cooperating with the other prisoner and rejecting self-interest as the best option? What is the recommended course of action for each prisoner in regard to the other two theories?

2. From your experience, is cooperation always in your best interest? Share an example. Alternatively, to state it negatively, why do selfish, self-centered people seem to prosper if cooperation is always in their best interest?

Post the 3-page (650-750 words) All written assignments and responses should follow citation rules for attributing sources. Please use Microsoft Word spelling/grammar checker before submitting your paper. Please remember that the plagiarism policy applies.

Business Management, Management Studies

  • Category:- Business Management
  • Reference No.:- M92040829
  • Price:- $35

Priced at Now at $35, Verified Solution

Have any Question?


Related Questions in Business Management

What is a good analogy of subnetting whats a break down of

What is a good analogy of Subnetting? What's a break down of how it is used within a company?

Why is it important to engage on sustainabilityis it

Why is it important to engage on sustainability? Is it possible for stakeholder relationship to be only one-way? Discuss What is meant by a ladder of stakeholder engagement?

Suppose labour and capital are perfect complements in

Suppose labour and capital are perfect complements. In particular, the producer needs to use 2 units of labour for each unit of capital. Suppose the producer is currently facing input prices w=$1 and r=$1, and is current ...

What would be examples of valid selection methods used by

What would be examples of valid selection methods used by the human resource department to ensure selecting the appropriate candidate for a job.

Write c program using cpp file that displays the color of

Write C++ program (using .cpp file) that displays the color of the camera whose item number is entered by the user. All item numbers contain exactly seven characters. All items are available in four colors: black, green, ...

Are communication apps like slack replacing face to face

Are communication apps like Slack replacing face to face meetings between supervisors and employee's? If so, why?

Describing the business operation for forecasting

Describing the business operation for forecasting ,scheduling and expansion of a call center company. The correct forcasting method for an call center or virtual call center that sale Medicare plans. Is the WBS format be ...

What are the personal and situational characteristics that

What are the personal and situational characteristics that determine self-control?

The following conversation has some mistakes can u help me

The following conversation has some mistakes, can u help me point them out? what are the mistakes? Mark: Hi, David, my company does not use much computer technology and I would like to change that. But I have a few quest ...

Why operations management matters support your thoughts

Why Operations Management matters? Support your thoughts with real business examples. Integrate your answer with the concept of ndustrial Commons from the article, “Restoring American Competitiveness.” The article is ...

  • 4,153,160 Questions Asked
  • 13,132 Experts
  • 2,558,936 Questions Answered

Ask Experts for help!!

Looking for Assignment Help?

Start excelling in your Courses, Get help with Assignment

Write us your full requirement for evaluation and you will receive response within 20 minutes turnaround time.

Ask Now Help with Problems, Get a Best Answer

Why might a bank avoid the use of interest rate swaps even

Why might a bank avoid the use of interest rate swaps, even when the institution is exposed to significant interest rate

Describe the difference between zero coupon bonds and

Describe the difference between zero coupon bonds and coupon bonds. Under what conditions will a coupon bond sell at a p

Compute the present value of an annuity of 880 per year

Compute the present value of an annuity of $ 880 per year for 16 years, given a discount rate of 6 percent per annum. As

Compute the present value of an 1150 payment made in ten

Compute the present value of an $1,150 payment made in ten years when the discount rate is 12 percent. (Do not round int

Compute the present value of an annuity of 699 per year

Compute the present value of an annuity of $ 699 per year for 19 years, given a discount rate of 6 percent per annum. As