The prisoners' dilemma refers to a situation in which both players cooperate in determining a strategy.

Name: The prisoners' dilemma refers to a situation in which both players cooperate in determining a strategy.
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The prisoners' dilemma actually refers to a situation where, despite the best outcome arising from cooperation, individual rationality leads both players to defect, resulting in a worse outcome for both.

The Prisoners' Dilemma Refers to a Situation in Which Both