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The Trader ’ s Dilemma : A Continuous Version of the Prisoner ’ s Dilemma

The Prisoner’s Dilemma is a non-zero-sum discrete two-player game. It is often used to study social phenomena like cooperation. In this paper we describe and analyze a continuous version of the Prisoner’s Dilemma, which we call the Trader’s Dilemma. The continuous version can provide further insights in the phenomenon of cooperation because it allows new types of strategies. In the 1998 revision, I have introduced the name Trader’s Dilemma. Furthermore, it includes some minor modifications and additions.