Examlex
At the age of 45, Dr. Randy Pausch learned that he had pancreatic cancer and was given just a few months to live. Pausch reacted by delivering his now famous "Last Lecture," an upbeat and inspirational response to the question, "What would you say if you knew you were going to die?" According to your textbook, Pausch's response to impending death is an example of the fact that:
Prisoners' Dilemma
A theoretical situation 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 collective rationality.
Government Intervention
Actions taken by a government to influence or directly control some aspects of the economy or society.
Prisoners' Dilemma
The Prisoners' Dilemma is a standard example of a game analyzed in game theory that shows why two completely rational individuals might not cooperate, even if it appears that it is in their best interest to do so.
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