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pochemuha
3 years ago
9

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

Business
1 answer:
ad-work [718]3 years ago
8 0
The statement that "<span>The prisoner's dilemma game illustrates rational decisions made by individuals which lead to a jointly efficient outcome" is false.

</span><span>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.</span>
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