This widely praised and much-discussed book explores how cooperation can emerge in a world of self-seeking egoistswhether superpowers, businesses, or individualswhen there is no central authority to police their actions..
It is clear that the best solution for both of them is cooperation. On the other hand, each individual is also tempted to maximize his own individual benefit. And each of them benefits most if he decides to defect, which in turn brings the worst possible outcome for both (six years total). So one-shot Prisonner's Dilemma rarely leads to cooperation. Now, what if the very two chaps are later arrested again? Will they cooperate when given another chance? And if they know they will face the same situation every five years? Professor Axelrod tested the iterated Prisonner's Dilemma with computer programs, and investigated under which circumstances cooperation can emerge.
The book is nicely scattered with fragments of game theory and examples from world politics. All in all, as Richard Dawkins has commented in the foreword to the Penguin edition of this book, in breathes with optimism, and is a delight to read. Still, it has one problem, and actually shares it with Dawkins: the book reaches its climax right at the beginning. The book starts with a strong and very convincing idea, but later fails to keep the same pace of dynamic. The idea is splendid, but the structure of the book could be improved.