Prisoner's dilemma - is a two-person scenario in which (1) Player A stands to benefit more from a transaction by acting selfishly toward Player B if B offers to collaborate, and vice versa; but, (2) A and B together might obtain a bigger total payoff by collaborating than by acting selfishly in both cases. The typical result of a Prisoner's Dilemma is that both players act selfishly, which results to a poor decision for both.
With this system, one may strike a balance between rivalry and competitive for the benefit of all parties.
According to game theory, a situation where two players act selfishly would ultimately lead to a poor decision or getting smaller rewards for both is known as a prisoner's dilemma. The prisoner's dilemma also demonstrates the fact that sometimes, collaboration is not the best course of action.
To learn more about Prisoner's dilemma, refer
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Culture, history, religion, language, and territory are elements of nationalism
Many people said that Great nations always remember what their ancestors have contributed for them
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Answer:
Throughout the overview section down, the definition including its example in the case provided is defined.
Explanation:
- The social scientist George Herbert Mead claimed that with enough encounters with several other individuals, people create self-images.
- He concluded that perhaps a component or consequence of communal experience seems to be the individuality, which would be the part of the foundation of an individual comprising of Knowledge of appearance and self-image.
The expedition to Bartolomeu Dias in 1487-1488 years rounded the southern extremity of Africa and in 1488 opened a cape, named Cape of Good Hope. In 1487, at the head of the expedition, which was aimed to find the sea route to India, explored south-west coast of Africa from 22 ° to 33 ° south latitude. The first of the Europeans skirted Africa from the south side. Passing along the southern coast of Africa to the Bay of Algoa was forced to turn to Portugal on demand of the team; On the way back opened the Cape of Good Hope (1488).
