The prisoner's dilemma is a classic game theory conundrum. The best net benefit for both players is to cooperate with one another. However, if one player cooperates and the other betrays them, the one doing the betraying receives a higher payout while the one being betrayed is worse off. If both players betray each other the end result is dismal for both.
Here's a great example of the prisoner's dilemma on the hit British game show Golden Balls
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