How Lies Induced Cooperation in 'Golden Balls': A Game-Theoretic Analysis
12 Pages Posted: 15 Jan 2020
Date Written: December 25, 2019
Abstract
We analyze a particular episode of a popular British TV game show, “Golden Balls,” in which one of the two contestants lied about what he intended to do, which had the salutary effect of inducing both contestants to cooperate in what is normally a Prisoners' Dilemma (PD), wherein one or both contestants usually defected. This “solution” to PD assumes that the liar desired to be honorable in fulfilling his pledge to split the jackpot if he won but, surprisingly, he achieved this end without having to do so, astonishing the audience and receiving its acclaim. We note that this action has a biblical precedent in King Solomon’s decision to cut a baby in two.
Keywords: Golden Balls, Prisoners' Dilemma, Game Theory, Game Transformation, Honor
JEL Classification: C72, D70
Suggested Citation: Suggested Citation