Nick sacrifices credibility for future claimed precommitments of course.
He sacrifices credibility in future threats against people, but maintains credibility in future promises to act in others' benefit just as much as if he had decided to steal and then give Abraham half the money. This latter credibility is probably much more useful in most real situations.
no no no.
The moment I found out I was going to be on this show I would obtain two notarized contracts.
When the time comes to deliberate I whip out the first contract. It states that if I choose "split" I must donate $10k to the KKK + any prize money I get (the $10k at least is held in trust).
Then I ask my opponent to split, I whip out a second contract stating that any and all prize money I receive is going 100% to medical research. His choice now has nothing to do with money for me or him, only if the television studio keeps the money or if i...
I found this to be a very interesting method of dealing with a modified Prisoner's Dilemma. In this situation, if both players cooperate they split a cash prize, but if one defects he gets the entire prize. The difference from the normal prisoner's dilemma is that if both defect, neither gets anything, so a player gains nothing by defecting if he knows his opponent will defect; he merely has the option to hurt him out of spite. Watch and see how one player deals with this.
http://www.youtube.com/watch?v=S0qjK3TWZE8