Games Students Play: Incorporating the Prisoner's Dilemma in Teaching Business Ethics |
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Authors: | Kevin Gibson |
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Institution: | (1) Agribusiness Research Institute, University of Missouri, 146 Mumford Hall, Columbia, MO, 65211, U.S.A.;(2) Department of Economics, University of Hartford, 200 Bloomfield Ave., West Hartford, CT, 06117, U.S.A. |
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Abstract: | 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. |
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