University of agribusiness and rural development, UARD Jubilee International Scientific Conference

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The meaning of the refined egoism and the prisoner’s dilemma in business
Yavor Aleksiev, Ivaylo Aleksiev

Last modified: 2018-02-13


For years one of the major questions has been centered on our willingness to cooperate with each other in order to achieve our very own selfish aims. However, one should go beyond being selfish and consider the desires of other people so to be able to not only be successful now, but in the long-run too. This development investigates both the mathematical and logical ways of thinking regarding the Iterated Prisoner’s Dilemma, moreover, the emotional and social intelligence were took into consideration. The aim of the development is to prove that not only abstract mathematical facts are required for a solution of the iterated prisoner’s dilemma, but also the socio-psychological sides of the long-term cooperation are of major importance


cooperate, the iterated prisoner’s dilemma, emotional and social intelligence



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