Answer to Question #209774 in Macroeconomics for econ101

Question

Identify the essential features of a social dilemma (an interaction that may be represented by a prisoner’s dilemma game)

Answer 1

Social dilemmas occurs when the public creates conflicts over the use of shared public resources. People are supposed to use the resources even if they were not involved in their creation. If the resources are used wisely the groups are likely to remain with cooperation for a longer time. Short cost may make the public to making avoid contribution which may end up becoming a dilemma. Laboratory games are used to study the individuals conflicts situations. Self concern and that of others is the most beneficial approach for the social dilemmas as suggested by games. Personal orientations determines their relations to the dilemmas resulting from cooperation and competition differences.