The Stag Hunt is a concept in game theory that illustrates a situation where individuals must choose between cooperation and self-interest. In this scenario, two hunters can either work together to catch a stag, which requires teamwork, or each can pursue a hare independently. The stag provides a greater reward, but if one hunter decides to go after the hare, the other may end up with nothing. This dilemma highlights the tension between individual incentives and collective benefits. If both hunters cooperate, they succeed in capturing the stag. However, if one defects, the other risks losing out entirely, demonstrating the challenges of trust and collaboration in decision-making.