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6 July, 11:59

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

a. True

b. False

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Answers (1)
  1. 6 July, 13:43
    0
    The statement that " The prisoner's dilemma game illustrates rational decisions made by individuals which lead to a jointly efficient outcome" is false.

    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 interests to do so.
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