Showing posts with label Prisoner's Dilemma. Show all posts
Showing posts with label Prisoner's Dilemma. Show all posts

Saturday, February 4, 2012

Stanford Trial: Two Friends Become Enemies

The NY Times discusses how the trial regarding the alleged Ponzi scheme run by R. Allen Stanford will pit Stanford against his long-time friend and CFO of Stanford Financial Group before it collapsed, James M. Davis. It's a classic example of the Prisoner's Dilemma. Here are some excerpts: