The problem is, that’s a one-shot prisoner’s dilemma, and a microecon professor ranks just below a literal sociopath in terms of how likely he is to defect on the one-shot prisoner’s dilemma.
There are reputation effects!
The problem is, that’s a one-shot prisoner’s dilemma, and a microecon professor ranks just below a literal sociopath in terms of how likely he is to defect on the one-shot prisoner’s dilemma.
There are reputation effects!