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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
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 modeledas 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 asthe prisoner's dilemma game.
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