In numerous business courses, but very few economics courses, there are group projects. The Nash equilibrium for group projects is
A)for everyone to put in as little effort as possible
B)to coerce the poorest student to exert effort
C)for the best student to do all the work
D)the best student to coordinate the work of the others

Question

Quizplus · Accepted Answer

In a group project setting, the Nash equilibrium often results in everyone putting in as little effort as possible. This is because each individual's best response to the expected effort of others is to minimize their own effort, assuming others will pick up the slack, leading to a situation where minimal effort is exerted by all.

In Numerous Business Courses, but Very Few Economics Courses, There