describe an original social dilemma you observe in the real world

Learning Goal: I’m working on a economics writing question and need support to help me learn.For this writing assignment, describe an original social dilemma you observe in the real world — i.e. a situation in which no one has an incentive to change what they’re doing, but everyone would be better off if everyone changed what they were doing. Avoid using examples discussed in class or in the text. Try to create two tables to present your dilemma as a 2×2 game. Your first table should be descriptive, similar to Figure 4.1 in the text. Your second table should be a payoff matrix showing the payoffs for both players in each of the four situations, similar to Figure 4.2a. Using your payoff matrix, describe the Nash equilibrium and the mutually preferred outcome.This discussion post provides your a space to experiment with ideas for your Social dilemma essay. Since we will be covering this topic as the week progresses, don’t worry about your idea being a perfect fit – you can develop your ideas or pick a new dilemma after discussing it with your classmates this week. Your focus now should be identifying real world situations as social dilemmas.Provide a couple of your peers with constructive feedback. Have they identified a social dilemma? If so, how can it be represented as a two-by-two game like the examples in class? This discussions will culminate in recitation where you have an opportunity to continue the conversation face-to-face with your classmates and your teaching assistant.
Requirements: 2 pages

Calculate your order
Pages (275 words)
Standard price: $0.00
Client Reviews
4.9
Sitejabber
4.6
Trustpilot
4.8
Our Guarantees
100% Confidentiality
Information about customers is confidential and never disclosed to third parties.
Original Writing
We complete all papers from scratch. You can get a plagiarism report.
Timely Delivery
No missed deadlines – 97% of assignments are completed in time.
Money Back
If you're confident that a writer didn't follow your order details, ask for a refund.

Calculate the price of your order

You will get a personal manager and a discount.
We'll send you the first draft for approval by at
Total price:
$0.00
Power up Your Academic Success with the
Team of Professionals. We’ve Got Your Back.
Power up Your Study Success with Experts We’ve Got Your Back.