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Rational Choices and Game Theory
This chapter explores the intricacies of game theory, particularly through the lens of the Prisoner's Dilemma, highlighting the paradox of cooperation versus defection among rational actors. The discussion emphasizes how self-interest can lead to suboptimal outcomes and the importance of trust and social relationships in decision-making. Additionally, the chapter touches upon cultural variations in responses to fairness and the influence of moral considerations in economic choices.