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Describe the Prisoner's Dilemma and Discuss How It Relates to Arms

question 47

Essay

Describe the Prisoner's Dilemma and discuss how it relates to arms control. Do you see any practical methods for escaping this dilemma with regard to arms control agreements? How might nonstate organizations such as the United Nations change the nature of the game? How might the prisoner's decision be altered if he or she abides by realist theory? By liberal theory? By constructivist theory?


Definitions:

Expected Return

The anticipated return on an investment, taking into account the probabilities of each possible outcome.

Independent

Free from external control and constraint, or in finance, referring to analysis or advice that is unbiased by conflicts of interest.

Negatively Correlated

Negatively correlated refers to two variables moving in opposite directions; as one increases, the other decreases, and vice versa.

Standard Deviations of Returns

A measure of the volatility or risk associated with the return on investment, indicating how much the returns can fluctuate over a period.

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