How does the prisoners' dilemma game apply to real-life situations?

Prisoners' Dilemma

A concept in game theory where two individuals acting in their own self-interest do not result in the optimal outcome.

Real-Life Situations

Scenarios or circumstances that occur in actual life or practice, outside of theoretical or hypothetical contexts.

Recognize and explain the application of the prisoner's dilemma in real-life situations.

Verified Answer

Final Answer :

It illustrates how cooperation can be difficult to maintain, even when cooperation would make both parties better off.

Learning Objectives

Recognize and explain the application of the prisoner's dilemma in real-life situations.