2 Nash Equilibrium: Theory - U of T : Economics
Work hard Goof off Work hard 2, 2 0, 3 Goof off 3, 0 1, 1 Figure 14.1 Working on a joint project. I am not claiming that a situation in which two people pursue a joint project necessarily has the structure of the Prisoner’s Dilemma, only that the players’ pref-erences in such a situation may be the same as in the Prisoner’s Dilemma! If, for
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