Loyalty to me seems like the prisoner's dilemma. Sure, you both are better off to each other if you're both loyal (ie I don't look for other jobs, and you employ me for a long, long period of time), but you're better off just NOT being loyal because the other party might not be as well.
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Loyalty to me seems like the prisoner's dilemma. Sure, you both are better off to each other if you're both loyal (ie I don't look for other jobs, and you employ me for a long, long period of time), but you're better off just NOT being loyal because the other party might not be as well.
Sometimes the prisoner's dilemma can come to a happy conclusion by making it not the prisoner's dilemma---e.g. constraining the other's choices. http://cheaptalk.org/2012/04/20/consider-the-equilibrium-17/
And yet, tit-for-tat is still the winningest strategy.