Games Students Play: Incorporating the Prisoner's Dilemma in Teaching Business Ethics

The so-called "Prisoner's Dilemma" is often referred to in business ethics, but probably not well understood. This article has three parts: (1) I claim that models derived from game theory are significant in the field for discussions of prudential ethics and the practical decisions ma...

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Bibliographic Details
Main Author: Gibson, Kevin (Author)
Format: Electronic Article
Language:English
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Published: Springer 2003
In: Journal of business ethics
Year: 2003, Volume: 48, Issue: 1, Pages: 53-64
Further subjects:B Game Theory
B Negotiation
B Pedagogy
B Experiential Learning
B PRISONER'S DILEMMA
B classroom exercise
B prudential ethics
B Decision
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Description
Summary:The so-called "Prisoner's Dilemma" is often referred to in business ethics, but probably not well understood. This article has three parts: (1) I claim that models derived from game theory are significant in the field for discussions of prudential ethics and the practical decisions managers make; (2) I discuss using them as a practical pedagogical exercise and some of the lessons generated; (3) more speculatively, I suggest that they are useful in discussions of corporate personhood.
ISSN:1573-0697
Contains:Enthalten in: Journal of business ethics
Persistent identifiers:DOI: 10.1023/B:BUSI.0000004367.60776.b3