The ________ game involves a situation in which cooperation results in the largest mutual gain,but selfish actions by one person lead to negative consequences for another person.

Question

Quizplus · Accepted Answer

The scenario described in the question is known as the prisoner's dilemma. It is a classic game theory example that highlights the tension between individual rationality and collective rationality. In this dilemma, both parties would benefit from cooperating, but due to the possibility of selfish actions by the other party, it often leads to both parties choosing to act selfishly, resulting in a negative outcome for both.

The ________ Game Involves a Situation in Which Cooperation Results