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4-7 Cooperation of Gas Stations in Long-Term Relationship Part II: Mechanism of Cooperation

The final module is devoted to the most important and most general message of game theory: rational behavior quite often leads to a socially undesirable outcome. We will first try to understand the basic reason for this, and then see how this insight of game theory has made fundamental impacts in the natural and social sciences. Finally, we will learn some general methods to overcome this problem.

东京大学
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