The Stag Hunt
The Stag Hunt is a classic game theory scenario that illustrates the conflict between cooperation and self-interest. In this situation, a group of hunters must decide whether to work together to catch a stag, which requires teamwork, or to pursue a hare individually, which is a safer but less rewarding option. The outcome depends on the choices made by all participants.
This scenario highlights the importance of trust and communication in achieving a common goal. If all hunters cooperate, they can successfully capture the stag, leading to a greater reward. However, if some choose to act selfishly, the group may fail, resulting in no reward for anyone.