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If you want a more technical term for that ,
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and you'll remember this from economics 115
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can lead to outcomes that are "Inefficient,"
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that are "Pareto inefficient,"
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But "Suck" Will do for today.
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Rational choices by rational players, can lead to bad outcomes.
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So this is a famous example for this reason.
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It's a good illustration of this point. It's a famous example.
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What's the name of this example, somebody?
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This is called Prisoner's Dilemma.
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How many of you have heard of the Prisoner's Dilemma before?
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Most of you saw it in 115,