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study question

200 words with reference 

In business, sports, politics, and many other fields there are probably  countless situations akin to the prisoner’s dilemma where players acting  in their own self-interest do not produce an ideal outcome. Likewise,  some player dynamics also illustrate other game theory concepts like a  game of chicken, credible threats/commitments, and other similar  concepts. Use at least one article from The Wall Street Journal  to discuss a strategic situation between players that resembled or used  any of the concepts above. What could have any of the players done  differently to achieve a better outcome?

 

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