Negotiate and Trust or Go Bust

The trouble with the world is that the stupid are cocksure and the intelligent are full of doubt.

—Bertrand Russell

Clara handed out a sheet of paper to the class on Thursday. She wanted to have fun in this exercise. Clara commanded attention. Her voice was sharp and crisp—a cracking whip. She adjusted her glasses and made a mock bow.

“Read the situation carefully and make the best judgment you can. Please treat this case seriously. You have twenty minutes to make up your mind.”

I read the hand out:

Prisoner’s Dilemma

You’re in the slammer! The police have arrested you and a friend for a narcotic violation. The place is Singapore. The police have placed you and your friend in separate jail cells. You suspect ...

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