Each player has an incentive to choose an action that, when both players choose it, makes them both worse off than if neither had chosen it. This situation describes
A situation in which each player in a game chooses the action that maximizes his or her payoff, given the actions of the other players, ignoring the effects of his or her action on the payoffs received by others, is known as a
Question
In the context of the Richard and Justin story in the module, suppose that Justin discovers Richard’s action (confess or don’t confess) before choosing his own action.