Home » Market and Competition in Pricing Strategy » Following an acrimonious split, two former business partners now head rival companies. How might they best overcome this challenge in order to cooperate in a Prisoner’s Dilemma situation?

Following an acrimonious split, two former business partners now head rival companies. How might they best overcome this challenge in order to cooperate in a Prisoner’s Dilemma situation?

Be sure to focus on responses in discrete chunks, rather than focusing on possible future goals.

Set aside anger and envy, and focus on the goal of making money no matter what else happens.

Use sophisticated strategies that won’t reveal their plan each other.

Start out strong and make certain competitors know they are in it for the win, even if it is detrimental to their business.

Overcoming envy is one of many psychological hurdles to cooperation, particularly when competitors have a history together. By setting aside anger and envy, the company heads will be able to focus on what matters.

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