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During the pandemic, stockpiling behaviour have been criticized in the newspapers and described as irrational. From...

During the pandemic, stockpiling behaviour have been criticized in the newspapers and described as irrational. From a game theory perspective, stockpiling of toilet paper or pasta can be modeled as a prisoner’s dilemma game where individuals anticipate that supermarket will run out of stock. Explain strategic interactions behind the stockpiling behaviour, and why they can be modelled as the prisoner’s dilemma game

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Rahul Sunny answered 8 months ago
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During the pandemic, stockpiling behaviour have been criticized in the newspapers and described as irrational. From...
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