How To Win A Trade War | tutor2u Economics

FiveThirtyEight has produced this super interactive game using game theory where you can find for yourself whether winning a trade war is as easy as President Trump appears to believe! 

It is a great example of the iterated Prisoner's' Dilemma

There are 100 rounds of trade with a randomly chosen FiveThirtyEight reader. In each round, you and your trade partner can either cooperate (allow free trade) or defect (impose an import tariff). Your goal is to pick a strategy that earns you as much as possible.

If you both cooperate in a given round, you each earn $15.

If you both defect, you each earn only $10.

If one of you cooperates and the other defects, the defector earns $25 while the cooperator earns only $5.

Subscribe to email updates from the tutor2u Economics

Join 1000s of fellow Economics teachers and students all getting the tutor2u Economics team's latest resources and support delivered fresh in their inbox every morning.

You can also follow @tutor2uEconomics on Twitter, subscribe to our YouTube channel, or join our popular Facebook Groups.

Job board

Economics Contributor

tutor2u, On-line

Teaching Vacancies

Recruitment

Advertise your vacancies with tutor2u

Much cheaper & more effective than TES or the Guardian. Reach the audience you really want to apply for your teaching vacancy by posting directly to our website and related social media audiences.

Find our more ›

Advertise your teaching jobs with tutor2u

A New Home for tutor2u Resources

We've just flicked the switch on moving all our digital resources to instant digital download - via our new subject stores.

For every subject you can now access each digital resource as soon as it is ordered. This will always be the latest edition of each resource too (and we'll update you automatically if there is an upgraded version to use).

Simply add the required resources to your cart, checkout using the usual options and your resources will be available to access immediately via your mytutor2u account.