Consider a Game in Which Each of Three Men Is

question 66

Essay

Consider a game in which each of three men is given $20. All three must secretly decide whether they will contribute any part of their $20 to a trust fund. At the end of the game, each player will receive 40% of the total money contributed to the trust fund, in addition to any of the remaining $20 that he is holding.
a. If all three players contribute $20 to the trust fund, how much will each player earn at the end of the game?
b. If all of the players are altruistic, how much money will each player earn at the end of the game?
c. Suppose that the first two players contributed $20 each to the trust fund. What should a rationally self-interested player contribute?

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Definitions:

Diversity

The representation and inclusion of different types of people and beliefs in a group or organization.

Marginalization And Discrimination

The process and consequences of a group or individual being systematically treated as less important or discriminated against based on certain attributes.

Treatment Tasks

Specific activities or assignments given to clients as part of their therapy or intervention process.

Initial Phase

The beginning stage of a process, such as a therapeutic relationship or project, where initial assessments or plans are made.