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Economics: Difference between revisions
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→Prisoner's Dilemma
(→Externalities: adding definition and duality .. to look up Cose) |
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* each prisoner does not know what the other will choose, so they choose the most beneficial to themselves | * each prisoner does not know what the other will choose, so they choose the most beneficial to themselves | ||
** even if choosing collectively would be more rational | ** even if choosing collectively would be more rational | ||
* see https://plato.stanford.edu/entries/prisoner-dilemma/ | |||
=== rationing === | === rationing === | ||
=== scarcity === | === scarcity === | ||