A game situation in which there is a tension between the collective interest of all of the players and the self-interest of individual players is called a "prisoner's dilemma".

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This is correct. In a prisoner's dilemma, players must decide whether to cooperate with each other or act in their own self-interest, even if it means hurting the collective outcome. This statement is true. The prisoner's dilemma is a classic game theory scenario where two players must choose between cooperation and betrayal, and the outcome depends on each player's decision as well as the other player's decision. The dilemma arises because the best outcome for each individual player (betrayal) leads to a worse outcome for both players collectively, while the best outcome for both players collectively (cooperation) is not the best outcome for each individual player.

A Game Situation in Which There Is a Tension Between