What is the game theory scenario in which noncooperation is the rational strategy but leads to both players being worse off than if they had cooperated called?

Question

Quizplus · Accepted Answer

The prisoner's dilemma is a standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interest to do so. In this scenario, noncooperation is the rational strategy for both players, but it leads to both players being worse off than if they had cooperated.

What Is the Game Theory Scenario in Which Noncooperation Is