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Consider a volunteers dilemma in which the payoff is 25 if at least one person volunteers, minus the cost (if any) of volunteering, the payoff
Consider a volunteers dilemma in which the payoff is 25 if at least one person volunteers, minus the cost (if any) of volunteering, the payoff for no volunteer is 0, and the cost of volunteering is 1. Consider a symmetric situation in which the group size is two and each decides to volunteer with a probability p. Find the equilibrium probability. How does the answer to Question 1 change if the group size is three?
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