The prisoner's dilemma game illustrates rational decisions made by individuals which leads to a jointly efficient outcome.

Name: The prisoner's dilemma game illustrates rational decisions made by individuals which leads to a jointly efficient outcome.
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The prisoner's dilemma illustrates how rational decision-making by individuals can lead to a collectively inefficient outcome. Each player's dominant strategy is to defect, which results in a suboptimal outcome for both players.

The Prisoner's Dilemma Game Illustrates Rational Decisions Made by Individuals