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Prisoners' Dilemma
A scenario in game theory where two individuals acting in their own self-interest do not produce the optimal outcome, illustrating the potential conflict between personal and social interests.
Dominant Strategy
A strategy that is the best for a player in a game regardless of the strategies chosen by the other players.
Cooperating
The act of working together towards a common goal or benefit, often seen in strategic partnerships between businesses or countries.
Prisoners' Dilemma
A situation in game theory where two individuals acting in their own self-interest do not produce the optimal outcome for either party.
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